At this rate SPY is going to hit our 236 target by next week...only 6 months ahead of schedule. With new highs on the NAZ and the DOW transports old time DOW theorists know we are now in a fully formed bull market. So what could go wrong? Plenty..but we'll talk about that next week.
Here's an extensive report on the outlook for 2017 from our friends at State Street Advisors.
Meanwhile our EEM model is chugging along a nice low risk path. Today's strength in the dollar (and crumbling of the Euro) should have derailed this trade but with both the SPY and the VIX green today there's obvious mischief afoot in the algos and this is just another example.