We see the VIX measure of volatility going down to last summers lows at a time when my view risk is increasing dramatically.
What gives, we should find out by Friday’s close.
According to CNBC, the market is running on:
- FED doves
- Dollar having topped
- Oil having bottomed
- Profit recession bottoming
I only agree with the first item. Probably the unsaid item, the belief that the Hillary Clinton / Bill Clinton Wall Street lover combo will win the election is at the top of the list.