Following Up On May 15's "U.S. Equities: Time For An Old-Fashioned Blow-Off Top".
Our outro was:
....So three things to keep an eye on:
1) the VIX trading down to maybe a 14-handle as happy, happy, joy, joy complacency sets in
2) AAPL turning over
3) the Treasury refilling the TGA
The VIX at the close was 15.64 down 2.29 (−12.77%)
Apple afterhours is trading at a new all-time high, $180.49 up 0.40 (+0.22%) after setting ($180.12) and then just missing (three pennies) the ATH at the close today.
The U.S. is not yet refilling the checking account.
So, with the S&P 500 closing at its highest level since last August, we're on our way,
Here's the VIX over the last month via TradingView:
