S&P, NASDAQ, Russell 2000 reached new highs last night.
Dow,ALSI,FTSE,DAX begging for new highs too.
If a small cap index like Russell 2000 can reach news highs. It show us the new money and risk on mode for investors.
During the debt ceiling deal most investors were sitting out before the deal.
Now the deal is over, and they are coming back with buying risk assets again. New money is entering the market and its on the buy side. Any pullbacks in the market will have support. Google reported good numbers. Now we should wait for Apple to report on the 28th. Today General Electric and Morgan Stanley report.
The AUD, ZAR, GBP have been winners in currencies against the dollar.
These are clear signs of a risk on market.
The ALSI has been going higher everyday.
Stocks will reach new highs soon. I don't want to be on the wrong side of the track when the train comes..
You cannot stop a bullet train even if you throw a brick wall in front of it, that's what Paul Tudor Jones once said.
China reported flows of capital coming back to the Chinese market from foreign investors.
The Indian Rupee is also starting gain momentum against the dollar.
Most FED officials are starting to be dovish again. Some are even calling for more QE last night.
Only time will tell.