Closing Brief

US equities closed higher for the third consecutive day, sp +9pts @ 2011. Notably, the sp' and Dow both broke new historic highs. The two leaders - Trans/R2K, settled higher by 0.3% and 0.5% respectively. Near term outlook is bullish.

Cut to the left

sp'daily5

Summary

..and another day comes to a close.

Equity bears remain especially weak, and it was notable that today was a daily close above the giant sp'2000 threshold

With new historic highs in the Dow and sp'500, there is simply nothing for the bears to hold onto. We look set for the 2030s within a week or two.. and as many are now starting to accept.. the 2050s look a reasonable target for October.

--
more later... on the VIX