US equities are in melt mode, with a weekly close in the sp'2100s now seemingly a given. VIX is naturally slowly cooling, -1.8% in the 12.80s. The 11/10s look viable if sp'2150/75 by late May/June. Metals are slowly cooling from earlier highs, Gold +$10. Oil is battling to hold gains into the weekend, +1.7%.
sp'weekly
Summary
Little to add.
Equity bears are powerless, and market is merely clawing slowly higher. New historic highs will certainly be possible next week.
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notable weakness, SINA, -1.6%...
Interesting stock.. and I'll be covering SINA more in the weeks ahead.
