15 August 2016

SP 500 and NDX Futures Daily Charts - Bubble On

"Pride goes before its own destruction, and a haughty spirit before a fall."

Proverbs 16:18

The Empire State Manufacturing number sucked out loud this morning.

The markets overlooked it, and their certainty as measured by the VIX continued its steady increase.

With both candidates in their pockets, the moneyed interests think that they are rolling,  never prouder of their mastery of the world.

Need I say more?

Have a pleasant evening.