The Picture has not Changed
The Big Picture
The picture we outlined last week holds, the S&P volatility is still here, the F-3 Fracture chart is back up again into the 35-45 swing area, the rate curve continues to flatten, and the 50 / 200 day chart is destined to cross down sometime in the next six days.
And keep In Mind
The S&P’s were a lot higher last week, especially late on Friday. Wouldn’t you think that the “Golden Boys” Mnuchin and Kudlow, maybe tipped a few people off as to Trump leaning to a photo shot cave for the markets.