Nothing is happening.
Krypto has a sell order for some emerging market stocks via VWO, the Vanguard Emerging Market ETF. It's a weak signal, so I think I'll wait a bit, as I did last time on that one. This is just a rebalancing trade at the 5% level, meaning that the asset class of emerging market stocks has 5% move money in it that a perfectly balance portfolio would have. A strong signal is 10%.
A second effort for a summer rally is in progress. Perhaps this time it will get further along. Futures are up this AM after being flat overnight.
Word of the Day
"Simulacrum" - noun [$10] the 'i' is short as in 'bit'; the 'a' can be either long or short.
Simulacrum means 1. an image or a representation; 2. an unreal or vague semblance. ALT: 1. an image of something; 2. a. a shadowy likeness, a deceptive substitute; b. mere pretense.
Sentence: Obama is a mere simulacrum of a leader. All talk, no substance.