US equities opened moderately higher, breaking a new multi-month cycle high in the early afternoon of 2830. This was just 110pts (3.9%) from the Sept' historic high, and a monstrous 484pts (20.6%) above the Dec' low. The late afternoon saw a little cooling
Volatility was in melt mode, with the VIX breaking a new cycle low of 12.50, settling -4.6% at 12.88.
|No sunshine for the bears.|
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Goodnight from London
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