This market is in need of more cowbell. With excruciatingly low volumes and a VIX that’s now kissed an eleven handle twice this week (double bottom signal?) this market has been described as sleepwalking into its 24th all-time high of the year for the S&P 500… Nobody is really complaining, and we have plenty of interesting news – a CPI that sent yields higher while also reducing the chance of a June BoE rate cut from 50% to a now 20% probability (reading was helped by lower energy prices, but…
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