Again, It's Amazing To Me How You Guys Trade...
I assume you all loaded up at the close since the after market had TVIX (don't know now, it could be down by 13%) up by 13% after disappointing results from AE.
Anyway, I've had my say against trading TVIX and won't bring it up too many more times...I can't say I never will.
Day's take was the weaker USD saved the day...but a stronger USD going forward is as sure a lock as it gets. Lower yields on the long bond also supported, but mainly it was the weaker dollar which set the stage for the late session rally.
Today was a bit of a summer day:
Growth was back down to a 62 week low, after a brief bounce yesterday.
The big news on the weaker USD was inflation up strongly, but again off of a 52 week low yesterday.
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