Mike Zigmont, author of the Zigmont Report, is a partner at New York-based Harvest Volatility Management, a hedge fund with over $10B AUM, offering volatility management solutions to its investor base worldwide. Mike has been publishing his daily newsletter (Monday-Friday) privately for the firm’s investors and his personal contacts in the investment business since 2008, sending it daily shortly after the market close.
The opinions expressed below are my own
Is that something for the bears to celebrate? I don’t think so but if there are any living bears left out there (doubtful), this is all they have to be hopeful about.
There’s very little to say about today. News was dull and flow was slightly elevated at 106%. It still feels like equity investors are chasing the tape and we’re dealing with excessive optimism amidst a lack of news.
While equities climb, so do interest rates. Rates across the curve have climbed significantly this year. Hmmm.
One of these things must stop. Which one will it be?
Beats me. The equity market is in its own world. Has been for a while.
See you tomorrow,