Enjoy the ride!

                                             The trend is up, no hedges on.

Interest rate futures continue to price 100% odds of a rate cut at the next Fed meeting on July 31.

Stocks edged lower for a second straight session today and today was the second lowest volume day of the year on NYSE.

“Optimistic people tend to succeed not simply because they believe everything will turn out right, but because the expectation of success makes them work harder. If you expect little, you will not be motivated even to try.”

"Recap July 1"

Risk appetite reigned, as an announced “trade truce” from this weekend’s G-20 meeting in Osaka helped the S&P 500 reach a fresh record close, while WTI crude edged back to $59 a barrel.  By the same token, Treasury yields rose across the curve, gold got smacked by 2% to finish at $1,384 an ounce, and the VIX fell to 14, its lowest close in nearly two months.   

                                              I miss my girl, Moonshine.