Ok, "Easy Money Monday is up next"
SPY/VXX daily: (My chart 3) Odds are above average for a (ST) short-term pullback, but that doesn't mean we will get one. (Chart 3)
Second comment: I'm sure watching the VIX (Chart 2)
Do you trust big bond or small equity people?
Bond volatility has continued to move higher since mid Sep. At the same time, VIX has continued the "epic" reset.
https://themarketear.com/
This gap is becoming rather extreme here. Time to watch it carefully...
FOMO cash going into Equities (Chart 1)
Recent flow activity suggests a portion of the record level of US cash assets will be deployed into equities. Households, mutual funds, pension funds and foreign investors hold $19 trillion of US cash assets, accounting for 68% of total US cash assets and reflecting a $4 trillion rise vs. their pre-pandemic holdings. Goldman: "We expect some of this cash will shift into equities. US ETF and mutual fund net inflows YTD are the highest in any year since at least 2001 (Exhibit 6). The ratio of equity to bond inflows in the US is near a record high".
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