
Holiday Notice: Fourth of July
SMU will be closed on Friday, July 4, with no Sunday newsletter on Sunday, July 6.
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SMU will be closed on Friday, July 4, with no Sunday newsletter on Sunday, July 6.
I’m not sure how many different ways I can write that it’s been a quiet market ahead of Independence Day.
There are variations on that theme. I’ve heard everything from the ominous “eerily quiet” to “getting better” and even the occasional “blissfully unaware” (because I’m enjoying my vacation).
We can interpret that managed money still has expectations of price strength while physical participants are running closer to a balance on a net basis.
It will be a shorter week as the United States celebrates Independence Day on Friday. But we won’t leave you high and dry.