sp'daily5
VIX'daily3
Summary
It was just another day for the equity bulls, with the SPX opening moderately higher, and clawing upward across the day, to break a new cycle high.
Meanwhile...
The latest ADP jobs data was not surprisingly horrific, but the market doesn't care, on the notion the economic recovery will be V-shaped. That outlook is overly optimistic, and another stimulus bill can be expected... with Print Central having already stated they would be supportive of.
Volatility naturally melted lower, the VIX settling -4.4% to 25.66.
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Goodnight from London
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