With volatility crushed, and record short positions on the VIX, there will likely be an event at some point that leads to a massive reversal in the assessment of “risk” and an unwinding of the market.

, Weekend Reading: 24000 By Christmas?

However, such is not the case currently as even “small dips” are met with eager buyers which continues to reinforce the very dangerous lack of fear.

With more ETF’s currently available to investors than there are stocks to fill them, it is quite likely the demand ramp for ETF’s will continue to push the Dow higher into the end of the year.

Dow 24,000 by Christmas?

Don’t be surprised if it happens.

Just remember, all market melt-ups end just when things look their brightest.

Here’s your reading list to for the weekend.


Trump, Economy & Fed


Markets


Research / Interesting Reads


“A bear market returns capital to those who it rightly belongs to.Ian McAvity

Questions, comments, suggestions – please email me.