3pm update - sleepy Monday

US equities have faded somewhat from the earlier highs, but still, the broader trend continues. The sp'500 is set for the 9th net gain in 12 trading days, a climb of 97pts. Metals remain weak, Gold -$3, whilst Oil is a little above the lows, -0.3%


sp'daily5

Summary

So, the giant sp'2000 threshold has been broken, and many now seem resigned to at least 2020..if not 2050 in September.

The big question..is the more bullish outlook - to the sp'2100s still viable?

With the metals weak, the miners are having a difficult day, GDX -1.5%
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3.36pm.. sure is quiet out there. It would seem half of 'everyone' didn't even leave the bed today.

I can only hope that Q4 will see some serious volatility (at least low 20s)... to end the year with some better price action.

back at the close.........