Another week, another huge pop early in the week and continuation through the rest of the week makes for another impressive week of gains. Can anything stop this market? The VIX sure doesn't think so as it plunges even lower to a solid 14 handle.
In other news, Gold and Silver are down, Oil drifts slightly lower but still remains elevated, even the $USD manages to hang on to its gains over the past few weeks.
The election news continues to occupy mainstream media's attention as the battle of attrition has whittled the list of legit contenders down to essentially two now.
With gas solidly over $4/gallon even at the 'cheap' stations, any economic benefit all this good data presumes has been washed away by the consumer gas "tax" that has been levied on every automobile-driving consumer.
Let the party roll on!!!
| 13,232.62 | -20.14 | (-0.15%) |
Labels: commentary, energy, gas, gold, media, oil, politics, sp500, technical analysis, vix, volatility