12pm update - melting higher

The market has clawed back upward, and appears in algo-bot melt mode, sp' +3pts @ 2026. VIX remains subdued, holding minor gains +1% @ 14.30. Metals are relatively weak, Gold +$2. Oil is significantly lower, -1.5%.


sp'daily5

Summary

Little to add.

Hard to rationalise the continued gains... are the Japanese buying it today? Urghhh

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VIX update from Mr T.


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time for tea