Monday 2 November 2020

Positively choppy Monday

US equity indexes closed broadly higher, sp +40pts (1.2%) at 3310. Nasdaq comp' +0.4%. Dow +1.6%. The Transports settled +1.0%.

sp'daily5

 


VIX'daily3

 


Summary

US equities opened on a positive note, with the SPX pushing to 3330.

Meanwhile...

Final day of campaigning, Scranton, PA

The afternoon saw some significant cooling to sp'3379, with the Nasdaq comp' having turned negative. There was renewed upside into the late afternoon, but notably settling shy of the early high.

Volatility held up relative to equities, the VIX settling -2.3% to 37.13. Tuesday should be... interesting.

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Sunset in the capital of lockdown


The waning moon


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Goodnight from London
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