2pm update - time for another fed book

The Fed beige book is due this hour, with another vain attempt to summarise the economy, and where it is headed. Meanwhile, the broader equity market is holding gains, with a VIX that continues to melt lower, -2.5% in the 12.50s.


VIX'daily'3

Summary

It remains a very subdued VIX, and now that its December - with quieter trading conditions, the VIX will be even more inclined to remain low.

Yes... there is always the threat of a brief spike... but really.. such moves are overly difficult to time (next wave might not be until late January).

As much as I'm moderately tempted.... I ain't going long VIX.
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Notable weakness, AMZN -2.8%.

...awaiting the book of Beige.
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2.13pm.. Market merely takes in the Fed book... and translates to renewed algo-bot melt mode.

That would seem to be how it'll be for the rest of today.

Next major issue.. the Friday monthly jobs data... market is seeking 230k net gains.