Anyone who loves David Chapelle has seen his skit with Rick James. The FED IS A HELLUVA DRUG. The Fed is pumping in close to $1 trillion more into the markets, and that money has to go somewhere.
With all the fears of China, Iran, North Korea gone, the market doesn't have current fears. Sure, they have impeachment articles going to the Senate, but let's be real about that... it is going nowhere.
We have the China Phase One signing tomorrow. What could be better? Nobody is even getting punched wearing MAGA hats anymore. Everything is going great, which is why AAPL closed up $6.63 ($316.96), leading the SPX to close up 22.78 and the Dow up 83.28.
Everyone through Elon Musk was smoking too much pot when he said the company was worth $420. Yesterday is closed up $46.71 at $524.86, making even nonsmokers (like me) questioning sobriety.
VIX – The VIX closed at 12.32, down 0.24. Though we saw this measure close near 9% in 2017, the 52 week low is 11.03%, so we are getting close to the bottom. Collars anyone?