US equity indexes mostly closed a little weak, sp -5pts (0.1%) at 3483. Nasdaq comp' -0.5%. Dow -0.1%. The Transports settled +0.8%.
sp'daily5
VIX'daily3
Summary
US equities opened significantly lower, especially dragged lower by European markets.
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| Another horrific weekly jobless print |
However, the SPX was already s/t cyclically low, and 3440 was all the bears could manage. From there... price action was choppy, if leaning on the upward side into the mid afternoon.
Meanwhile...
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| Another day... another rally |
The late afternoon saw further choppy upside, with the SPX briefly turning fractionally positive to 3489, and settling -5pts at 3483.
Volatility printed an early (cash market) high of 28.92, with the VIX settling +2.2% at 26.97. Friday is OPEX, and that will inherently be inclined for considerable chop.
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| Departing soon to be 'tier 2 London'. |
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| The first sun... in what feels like weeks |
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Goodnight
from London
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