With sellside pressure exhausted, US equities have built significant gains, and look set to hold them into the long weekend. VIX is naturally in cooling mode, -7% in the 26s. Metals are similarly cooling from recent hyper gains, Gold -$9 in the $1230s. Oil is +11% in the $29s.
sp'daily5b
GLD, daily
Summary
Little to add.
We're clearly set for a net daily gain across all indexes, and that should setup further upside across next week.
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VIX update from Mr T.
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time for lunch