Review:Secrecy World: Inside the Panama Papers Investigation of Illicit Money Networks and the Global Elite [by Jake Bernstein] is a must-read book for anyone with an interest in, and perhaps a sense of outrage over, how the rich protect their wealth.  (Reading the Markets)

Quote of the Day

"People who lack financial literacy are just as likely to be sure of themselves as those with high financial literacy, but their confidence is likely to be unfounded..."

(Anders Anderson)

Chart of the Day

This last leg up has come with a spike in the VIX.