Well, it was lifetime highs everywhere you turned (again) today. The NQ blasted hundreds of points higher for nine hours straight, getting back to last Friday’s intraday peak.
Same deal over in ES-land.
All of which, of course, led to the pathetic VIX being smashed down to an 11-handle and opening up the possibility of a single-digit VIX. This is the lowest close in YEARS.
I trimmed some early today and had a not-terrible day, all things considered. Please remember tomorrow is a half day in the markets, closing three hours early, and then Thursday we get Yet Another Independence Day when I’m sure folks will reflect on what, exactly, the U.S. will be like on July 4, 2025.
I’ll see you in the morning.
