Yesterday, I laid out the primary drivers of the rally that’s gripped stocks since election night: USDJPY, VIX and CL. As luck would have it, we were immediately rewarded with an affirmation of those dynamics: SPX rallied another 15 points on a 1% USDJPY gain, a 1.7% CL gain, and VIX being smashed by 4.25% — all intraday, of course.
Is it sustainable? Today, we’ll focus on the big picture and the continuing effectiveness of our analog.
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