US equities are very significantly higher… with VIX 14s, as the mainstream are once again 100% sure that Sept’17th will see a rate cut. WTIC $63.93. USD is -0.8% at 97.66. US 10yr yield is sig’ lower at 4.265%
sp’60min
VIX’60min
Summary
Well, I was always concerned that this side of Labor day… the risk/reward for the bears was going to be problematic. I’m not even short, but it still feels painful.
Lets see if we get some cooling into the mid afternoon… or just break to a new hist’ high >6481.
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notable stock: INTC
I have to wonder if the 12pm Trump address will be Intel related.
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notable weakness: WMT
Walmart is still struggling… with a double top from the $104s
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notable strength: TSLA
Powering upward with the main market.
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notable banking ETF: KRE
Regional banks are higher with the main market, further helped with higher bonds/lower yields.
Time for lunch