Well, it’s that oh-so-spooky day of bad luck, Friday the 13th and new highs everywhere. Everything – and I mean everything – is up. ES? New lifetime highs.
NQ? New lifetime highs.
Even gold, which is usually punished on strong equity days is roaring higher:
Which I suspect will continue if the USD/JPY continues to cycle downward.
And bitcoin is closing in on $6,000 in another evening of unprecedented price action.
No matter what the economic news is, no matter what political fireworks are going on and no matter what surreal stuff comes out of the president’s mouth, all news is interpreted as beneficial for equities (and, go figure, cryptocurrencies!)