'Speculators' have never been so confidently complacent that 'all is well'.
Speculative positioning in VIX futures and options remains at its most short in history as traders refuse to back away from 'what works' as realized volatility collapses to its lowest in over 60 years...
And as Dana Lyons notes, assets in mutual funds designed to rise when stocks fall have dropped to an all-time low.
Buy it all... On the week - Stocks are up, Treasury Bonds are up, Corporate Bonds are up, Gold is up, Bitcoin is up, and WTI Crude is up...
Before we get started - consider the following...
The yield curve collapse means nothing...
Don't sweat it...
Think you had a bad day...
Overnight saw market watchers celebrate the exuberant run in Japan's Nikkei 225 to its highest levels since 1996 (up 200% from its 2008/9 lows)...
Via LPLResearch.com,
There have only been eight moves of at least 1% for the S&P 500 Index so far this year - the least since 13 in 1995. The all-time record was an incredible three in 1963.
What about a big move? The last time the S&P 500 moved at least 4% was nearly six years ago.