$NDX

The Volatility of Politics

Stocks are stuck to the vicissitudes of Congress until the recess on Dec 15th.  I don’t see how much can propel us higher or to touch the ATH’s we reached earlier on Monday.  The nagging bid for Treasuries is a bit disconcerting as well.  Today we had the ultimate “What the Hell!” signal out of SPX, meaning VIX down, SPX down.

 

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NDX goes Stink, Stank, Stunk

 

Fake news, real news, no news, blue news…  it appears that we have had a lot of flip flopping and flat out surprises on news stories lately from the failure of the tax bill to the miraculous resurrection of the same.  SPX found a way to trade to ATH briefly today but the NDX has not been so fortunate of late.  Granted the rally in 2017 has been spectacular for NDX.

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