Charts I’m Watching: Nov 29, 2023

Futures are up sharply in advance of the open after a $10 billion GM share repurchase announcement and a GDP revision that did nothing to dissuade algos from the notion that the Fed will soon be cutting rates VIX is plumbing new lows.

The market is rapidly running out of room for a pullback/backtest of any consequence before the end of the year.

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