SPX rally above 3912 puts 60-year cycle back on track

Incredibly enough, Thursday’s surge surpassed even what options markets were expecting for volatility post CPI.  Equities, Treasuries and currencies all showed some of the largest movement seen in years.  SPX’s move above late October highs puts a major decline on the back burner for the time being. While risk/reward is never ideal to initiate new longs into a +7% advance, huge breakouts like Thursday’s on above-average 8/1 positive brea...

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