Tuesday, 15 December 2020

Climbing ahead of the Fed

US equity indexes mostly closed significantly higher, SPX +47pts (1.3%) at 3694. Nasdaq comp' +1.2%. Dow +1.1%. The Transports settled +0.8%.

sp'daily5

 


VIX'daily3

 


Summary

US equities opened on a positive note, and whilst the initial gains were a little shaky, the market battled upward into the late afternoon.

Meanwhile...


... for what was just another day in the twilight zone.

With higher equities, volatility naturally melted lower, the VIX settling -7.4% to 22.89.

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Goodnight from London
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