Taking a break from the screens until late August while on vacation. Will post periodically with short paragraphs like this one. The markets are once again a Sea Of Green...except for E-mini futures at the moment. Central banks continue to talk interest rate cuts within months (BOE) and loosening the rules for bond purchases (ECB) and might need a bigger boat (BOJ) while St Louis Fed president Bullard boldly proclaimed that Brexit may end up having no impact on the U.S. economy. That may be true, but many other things may. For now anyway, bias is still higher ahead of Independence Day weekend, but next week could be interesting. All that bid beneath treasuries has only managed to get the 30-year above it recent highs while the rest of the curve wallows. JPY and CHF continue to say hey, pay attention. 2113.32 remains the key swing point for the S&P. I continue to hold XIV and would like to add on any further correction, and hope to add to the VIX calls early next week. Stay tuned for the 6th edition of The Socionomic Implications Of September Vogue in early September. Best of luck in the markets and life.
Classic 80s by The Go-Go's. Love it