US equity indexes closed on a weak note, sp -7pts (0.2%) at 3435. Nasdaq comp' -0.3%. Dow -0.3%. The Transports settled -1.1%.
sp'daily5
VIX'daily3
Summary
US equities opened in chop mode, if leaning on the upward side.
The US President duly appeared...
Whatever you make of the above, Trump continues to place a great deal of emphasis on the US equity market.
The afternoon saw considerable chop, if leaning weak into the close.
Volatility saw an early (cash market) high of 29.88, but then cooled back, the VIX settling -2.4% to 28.65. The market is clearly concerned about the lack of an agreement on stimulus bill 4. Tomorrow is a Thursday, and that will inherently favour the bears. Things would turn 'real interesting' with a decisive break <3400.
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Goodnight
from London
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