US Stocks continued to power ahead on Friday, posting moderate on the day but across the board gains on major indices. The Tech sector is particularly strong as well. Volatility keeps declining to the point that Goldman issued a warning it may be too low. Buying protection is always cheaper in those circumstances and although we are trying to attach that Bull’s wagon, we are also seizing the opportunity to buy protection (for as long as 18 months) just in case this bull’s run derails. Our Confidometer is getting bulled up as well. Chinese stocks are showing signs of stabilization/bottoming out, supported by MSCI benchmark changes that are boosting this market as well.
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