Regardless of how June settles, with a new hist’ high (5505 as of June 20th), its to be seen as a net bullish month. Monthly momentum is powerfully strong, as all cooling waves remain very limited.
The summer does threaten some unrest though…
-French & UK Elections.
-Trump, and related political chatter.
-Geo-political upsets via Israel/middle east, and Ukraine/Russia.
Between now and the Nov’5th election (assuming there is one), we should expect market volatility to increase from the current VIX 13s.
If you love drama, the US equity/capital market should provide it, and more so… into the fall.
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