12pm update - on the way to the 1900s

Mr Market continues an inexorable slow and steady climb toward the sp'1900s, whether late Friday..or next week, it really makes no difference. Equity bears are simply powerless, as reflected in the VIX. Metals remain weak, Gold -$7.


sp'daily5

Summary

Suffice to say, we're broadly headed up.
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VIX update from Mr T



*I should note, I certainly like the idea of picking up a considerable VIX call block (Sept/Oct 20-25 strike), but not yet. I'd want to wait at least another 2-3 weeks, if not even early June.

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time for lunch :)