Markets Adrift

Dead calm. Like being out in a sailboat and having zero wind. Just drifting and drifting. That's the story of the markets lately and especially today. The big news (other than that election thing in France) was the

VIX

is now solidly

below 10 (9.77)

. Volatility is just plain non-existent. So, the

DOW

added

5 points

, the

S&P

was flat and the

NASDAQ

gained

2 po

ints.

Oil

added a

few pennies

,

Gold

lost a couple of bucks

and the

10 yr treasury

yields 2.39%. Big snooze. In the fintech sector, the

KFTX

index lost

2.68 (-0.23%

) to close at

1157.58

. Looks like that sector slept through the day too.

So, Fed is out of the way (for now), earnings season is just about over and the French have a new president. Looks like naps are back in vogue. Keep the snoring down out there.

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