The S&P 500 (SPX) is grinding up with a lot of breadth and the stage is set for more of the same, says Michael Purves of Tallbacken Capital Advisors. He expects the VIX to slowly creep lower. He expects rates to be range bound with a bias towards lower in the 1.4 to 1.8 range, or even lower. The Inflation Index surged to lifetime highs in the last two months, he points out.
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