One week after the VIX (ChicagoOptions:^VIX) spiked to 30, Wall Street’s Kool-Aid drunks are back to saying that stock market volatility is over.
The U.S. Dollar (NYSEARCA:UUP) has been rallying since early May, and is 6% higher since.
This just in: U.S. stocks are at record highs, but caveat emptor.
Did you know that homebuilding stocks topped way back in May 2013 and are still down in price over 15% since?
What does the bond market know that the stock market doesn’t?
Although the stock market gets most of the attention, it’s not necessarily the first in pecking order in investment universe.
Dow Theory is one of the oldest trading strategies.
The markets have been practically dead this week leading up to the long holiday weekend.