A few months ago I communicated that investors are becoming ever more complacent in the market, causing extreme speculation on short volatility.
The VIX has fluctuated up and down which has given great trades on both the long and short side. Nevertheless, the VIX has trended even further down and is now flirting with all-time record lows.
Investors have a natural inclination to become comfortable with slow, steady upward moves. A year ago many people thought Dow 18k was overvalued. Today you will be hard-pressed to find someone who still thinks that!
Nothing much has changed since last year. Earnings have improved somewhat and are now around late-2015 levels.
We have a pro-business administration, which is great for the economy, however Co...Read More