US equity indexes settled Christmas Eve a little higher, SPX +13pts (0.3%) at 3703. Nasdaq comp' +0.3%. Dow +0.2%. The Transports settled +0.1%.
sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, but leaned to the upside, helped by further stimulus chatter, and later by news of a UK/EU BREXIT trade deal.
Meanwhile...
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| Pre-market upset |
Yoon of CNBC detailed news that the CCP are launching an anti-monopoly probe against Alibaba. The timing is interesting, and it could certainly be seen as an anti-Christmas present against the 'capitalistic pigs'. I'm sure a fair number of the communists won't be satisfied until Jack Ma is either locked up... or dead.
Equities saw considerable chop into the early 1pm close, with a closing hour low of 3689, but moderately bouncing to settle at 3703.
Volatility melted into the Christmas break, the VIX settling -7.6% to 21.53.
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| A ray of hope on Christmas Eve |
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| The capital of lockdown |
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| Jupiter and Saturn, skirting the London rooftops |
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| Full moon will be Dec'29th |
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Goodnight
from London
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