This will be remedied by either a lateral move for a few days or a sharp drop retracing at least half of the Jan 2 move. No other outcome is likely.
On a momo run and the higher it goes the faster it'll drop when we approach the debt ceiling bs..
Get long volatility right now, vix will be 20 plus again.. then ride it back down.
The Vix is cheap @ 13.88... already bottomed. Any meltup upcoming will drive it up incrementally too..
What does overbought mean?
Why not devalue the US$
and raise OIL and FOOD prices?!
Look a the bottoming bowl formation on the DX.
Sentiment: Strong Sell
For this week anyway, dollar strength and equity weakness have decoupled. As to devauling the dollar, Ben's done everything he can. Apparently rising long term yields are the new reality.