A Constant Bull Market

A lot can change in a month’s time and a lot has in many pockets of the capital markets.
The iShares Micro-Cap ETF (IWC) has increased 10.1% The S&P 500 financial sector has increased 8.5% The Russell 2000 has increased 7.5% The S&P Midcap 400 Index has increased 5.6% The yield on the 10-yr Treasury note has increased 30 basis points to 2.36% The U. S. Dollar Index has increased 1.7% to 93.88; and The CBOE Volatility Index has collapsed 13.8% to 10.03 A concise analysis of matters would indicate that the last 30 days has been a very good period for the stock market, which has featured record highs for the major indices, broad-based participation in the breakout to record highs and a pervasive sense that the glass is more than half full for the stock market into year end.
It hasn’t been so great for the Treasury market, which has come unwound a bit on the unwinding of safety trades.
What has precipitated the sudden turn higher (lower) for the stock market (Treasury market)?

This post was published at FinancialSense on 10/10/2017.