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Another day, another all-time high…
Traders seem to have largely shrugged off the FOMC statements of last week – might as well have been 100 years ago. That press conference didn’t exactly deliver the goods for the bulls.
Then again, this week features a number of speeches from Federal Reserve members; maybe the bulls are holding out hope there.
Equities and oil both surged today… but bonds, the VIX, and gold forgot to participate. Cyclicals and tech led stocks higher and, in theory, the bulls should be dancing in the streets, but the undercurrent of rising volatility and higher yields doesn’t exactly scream “conviction!”
We’re going to look at what this all means in tonight’s video – plus a look at HOOD, AAPL, NVDA (of course), PZZA, a a lot more…
