Nasdaq Comp', monthly, 20yr
Summary
As I have been noting for many months, 5K seemed a given.. and here we are... and its not even officially spring yet.
Whether the intra high of 5132 is broken this month, April... or a little later... should make little difference to those who are broadly long the US equity market.
For me.... a monthly close in the 5200s will be utterly decisive, and a clear warning of a viable hyper-bubble into 2017.
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Looking ahead
Tuesday will see very little. Yellen is due to speak.. but it will be on bank regulation, and I don't believe the market will consider it important.
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Goodnight from London