For reference purposes, below is a 1-year chart of the S&P500 and VIX through Thursday's (May 18, 2017) close. The closing price for the S&P500 was 2365.72 and the VIX had a closing value of 14.66. Price labels as well as moving averages are also shown:
(click on chart to enlarge image)(chart courtesy of StockCharts.com; chart creation and annotation by the author)
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 2365.72 as this post is written
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