Jobs growth continues on its record breaking pace.
What an incredible trading session yesterday! At one point the VIX was up over 50%!
It is different this time around. Right? In 2000 and 2008 cheap money and caviar dreams led to the internet and the housing bubble. In 2017 eight years of cheap money has helped push asset prices to their highest levels in recorded history.
Has the Market Finally Topped?
The US Dollar surged to a fresh 14 year high yesterday. Overnight the rally continued as the US Dollar Index broke out of a multi-year bull flag.