Bull Fish

DJI, SP500, and NQ100 knee-jerked a rally today after Fed minutes release. Pumping up the balloon continues despite the chances of another Fed cut seem unlikely. Various hedge managers are calling for substantial gains in stock prices over the balance of the year, but listening to them will not increase your IQ. These markets are tremendously overbought, but bubbles are always resistant to rational thought. Data the rest of the week is mild and will likely be viewed supportive regardless. Let the bull fish run with the bait.