Oh, how quickly the good times soured. The S&P 500 Index’s 14-day relative strength index — a technical gauge of the magnitude and speed of price movements — has declined over 57 points in the past two weeks. That’s the largest momentum swing in history by far (since 1928).
The S&P 500 is back to November levels and VIX is rising again.
Let the good times roll … until my replacement raises interest rates and unwinds.