When doves cry
|The Day So Far
A quiet morning in comparison to how yesterday finished where US indices once again touched fresh record highs. In fact the seventh consecutive up day in the S&P marks the longest streak of gains since September 2013, this despite the VIX seeing only its second double-digit gain since November of 2016. The talk of the town is now will the Fed move rates again as early as March. In the last four days alone we have seen the probability of a 25bps hike increase from 30% to 46% following a combination of a hawkish Yellen, promise of a phenomenal tax plan from Trump, and now with inflation nearing target and consumer spending remaining robust.
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