A good solid 'Goldilocks' number.
This was the pom-pom punctuated chant of the Wall Street pundits and spokesmodels today.
The SP 500 and particularly the big cap tech-laden NDX rose to new highs today.
But on lighter than usual volumes.
The adults in the room went on holiday around mid-day and closed the door to the bond market behind them.
Gold and silver bounced briskly off the end-of-quarter smacking they took the other day.
What a surprise.
Let's see if they can build off this latest event-driven double bottom.
Survey says 'probably.' lol
Barring some unforeseen event, it looks like a teeth-chattering correction in the markets will be due around mid to late August, with echoes into September, and perhaps beyond.
So until then, all is well, right?
The US markets will be closed for the July 4th holiday weekend on Monday.
Have a pleasant weekend.
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