“If you look around, complacency is the great disease of your autumn years, and I work hard to prevent that.” – Nick Cave
Old time blog readers have sat through more than enough rants about who looks at the Dow when talking about the market so we’ll avoid going down that route but it would be a shame not to save this tweet and add the accompanying chart:
Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!
— Donald J. Trump (@realDonaldTrump) August 1, 2017
Back to trader talk, here is where we are in terms of context:
S&P Futures have posted range of <1% for 18 days in row. Run's extended once in at least 20 years, on 30 Jan-17 (run lasted 22 days) #stocks
— Context Analysis (@MarketsContext) August 1, 2017