Equities opened moderately higher, and after a somewhat shaky start, the market built significant gains into the afternoon. The mood was notably far lighter within the mainstream, especially in regards to bond yields. Today's strength was further helped as earnings continue to come in beyond superb.
With higher equities, the VIX melted lower, settling in the low 16s.
Considering the market reaction to earnings in AH, especially from INTC and AMZN, Friday will likely open sig' higher. The only uncertainty... the first print for Q1 GDP. If Mr Market likes that number (consensus is for +2.0%), we should see further gains into the weekend.
|Whispery spring skies|
Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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