12pm update - gains into the long weekend

US indexes are set to close the short week with somewhat significant gains. With new historic highs on most of the indexes (Nasdaq Comp', still a clear 10% below the March'2000 high), there is nothing bearish on the near term horizon.


Dow' weekly

Summary

So, a 3.5 day week, and the Dow is set for a net weekly gain of around 200pts (1.2%).. which is pretty impressive on any basis.

I realise some will be looking to the Q2 GDP data, but the various other econ-data points are not suggestive that it will favour the equity bears.
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VIX update from Mr P.


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Update from Riley, which is probably his last post of the week...


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back at the close.