This week's PONZO updates have reversed the previous bullish outlook for SPY and set a more defensive to neutral forecast at least short term. That's pretty much the case with TLT also, continuing the divergent decoupling that we normally expect from this pair.. The VIX outlook remains benign and with today's close we're back below 14..a situation we forecast over the weekend. Just for amusement here's a piece from Bloomberg on more Chinese market insanity.
Will traders never learn from the monumental mistakes of the past?