US equities remain in minor chop mode. VIX has already been ground back lower to print a new multi-year low of 13.84
sp'60min
VIX'60min
Summary
Little to add.. as the minor chop continues.
Why wouldn't we expect the 4300s?
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notable weakness: AMD
No news... arguably just a case of s/t bullish exhaustion. I'd note the lower high... relative to last week.
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notable fin: V
I see chatter that congress is looking to restrain fees from various card companies.
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notable strength: ROKU
Seemingly due to various upgrades for sister Netflix, on the notion that ad' rev' will increase.
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notable bond yield proxy: TNX
The US 10yr has printed 3.77%. Things turn 'real interesting' if >4.10%
I'm well aware that some of you care nothing for bonds/yields, but you should, as the algos do price equities (at least partly) based on them.
Its cheerleader time, although I've other priorities...
