US equity indexes closed on a positive note, sp +17pts (0.5%) at 3453. Nasdaq comp' +0.2%. Dow +0.5%. The Transports settled +0.2%.
sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, and took a swing lower, with a bounce from key price threshold of the 3415s.
Meanwhile...
The US President issued a pre-market (7.01am EST) warning of 'Depression!'
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The afternoon saw a swing upward to 3460, and settling at 3453.
Volatility was mixed, the VIX seeing an early minor spike to 30.12, and settling -1.9% at 28.11.
Thursday evening will see the second and final debate between US President Trump and former VP Joe Biden. Mr Market will clearly be watching. With daily equity momentum having turned negative, the setup into the weekend will lean to the bears. The wild card... any further news on stimulus from Pelosi or Mnuchin.
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| A fine autumnal sunset |
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| Headed to the moon? |
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| The moon... and mighty Jupiter |
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| Full moon is Halloween |
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Goodnight
from London
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