It was a subdued, but bullish day for the US equity market, with the SPX and Nasdaq comp' breaking new (if marginal) historic highs. The underlying m/t upward trend continues, as the bears are effectively powerless.
Volatility was naturally subdued, with the VIX churning within the 13/12s. Whilst the VIX can't go much lower, it can stay low for weeks, even months at a time.
The market rests for no man
I think a fair few million were only half awake for today (yours truly included), primarily due to last evening's episode of Game of Thrones. With just three episodes left, its been one hell of a show, and perhaps more than anything, I'm really curious as to what the final shot/scene of the series will be. I'd like it to be a series of jumps across the map.
|A man would be proud of a girl|
Arya sure has progressed across the last eight seasons.
|As green as the US equity indexes|
|Summer is near|
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
If you value my work, subscribe to my intraday service.
For details and the latest offers, see: permabeardoomster.com