This was a fairly lackluster day in US equities.

Sentiment is now back to somewhat complacent as the VIX has fallen back to a 12 handle.

I picked up a little VIX today. I may buy more if we see some additional fluff to the upside.

This is probably not going to last, and is marking a top of sorts. Whether this is a major top or just a passing intermediate term thing I cannot tell.

The forces of crony capitalism are ready to stick a fork in the rest of the world, and start carving off chunks for themselves. 

Bulls make money. Bears make money. Pigs get slaughtered.

Smells like peak piggotry.

Have a pleasant evening.