SP 500 And NDX Futures Daily Charts - Triumph Of The Swill

Jul 30, 2014 at 4:38 PM EDT

GDP was 'better than expected' this morning, coming in at 4.0% growth. Well, it was not better than expected if you read my forecast about what they would do with it and the revisions.

GDP was 'better than expected' this morning, coming in at 4.0% growth.
Well, it was not better than expected if you read my forecast about what they would do with it and the revisions.
They even improved the fourth revision of that anomalous one-off please ignore it Q1 to only -2.1% vs. a -2.9% decline. Progress!
The tech bulls are riding high, laughing it up on bubblevision.
It's a new paradigm, don't you know? They are feeding this bubble on swill.
Have a pleasant evening.