12pm update - tedious gains

US equities remain broadly higher, with a notable new historic high for the Dow of 17905. VIX remains crushed.. -2% in the 12.50s. Metals continue to slowly build gains, Gold +$12, despite the USD +0.3%. Oil has turned lower, -0.3%.


sp'60min

R2K, daily

Summary

Call it whatever you want, but this price action is particularly annoying.

The Dow is teasing the bulls with a new high, but the Trans/R2K - despite gains, are still a fair way below the recent highs.

Notable strength, FCX +3.7%, but like many other mining/energy stocks... FCX remains massively lower since the summer.

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VIX update from Mr T.

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time for tea... and biscuits

*Back at 2pm.. for the Fed Beige book.