S&P 500

The relentless risk levitation continued overnight, as global shares extended their stretch of consecutive record highs on Thursday for a 10th day after a cautious BOJ lifted Asian stocks to a decade high with a dovish announcement that offered no surprises, while pushing back Kuroda's 2% inflation target to 2020, the 6th consecutive delay. With all eyes on the ECB in just over an hour, US equity futures are in the green, following solid gains around the globe. European stocks extended their biggest gain in a week while Asian equities maintained their rally.

Submitted by Michael Lebowitz of 720 Global

“What we’re seeing is an increase in the evolutionary pace of IED (improvised explosive device) design. It’s increasing at a pace we previously haven’t seen.” 

       - Ben Venzke

"Buy and Hold"... for 17 years to turn a profit.

After a nine-day winning streak the S&P 500 Technology Sector has finaly surpassed its dotcom bubble peak. Today's 992.29 close is above the previous record of 988.49 on March 27 2000.

Authored by Komal Sri-Kumar via Bloomberg.com,

Donald Trump’s appeal last November was linked to two factors. Both are now putting the valuation bubble in equities at risk.

In what has been a less exciting session than the previous two, the euro retraced some recent gains as traders grew concerned they may have overestimated the ECB's hawkish bias ahead of Thursday’s rate decision; in turn the dollar edged higher after the collapse of the GOP healthcare bill sent it to the lowest since September on Tuesday.

Not even Citi could infuse any  excitement in the overnight session, which its called "Purgatorial":