Yellen, Debt Ceiling and the VIX
Yesterday Fed Chairwomen Yellen’s told the markets exactly what it wanted to hear. Add in the Republican’s concessions on the debt ceiling and everyone who left the market last week at VIX 20 is now back in again.
The market is overbought. There still be money to be put to work and it may push prices higher another day but a pause/pullback is now due.
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Today’s Potential Opportunities on Further Pullbacks:
ETFs