US equity indexes mostly closed a little weak, SPX -4pts (0.1%) at 3663. Nasdaq comp' -0.2%. Dow +0.2%. The Transports settled -0.1%.
sp'daily5
VIX'daily3
Summary
US equities opened on a moderately weak note, with the SPX cooling to 3633 in the 12pm hour.
Meanwhile (from Thursday)...
We have a rather typical Robinhood trader, who is bemused why his GTC order of 10 shares at $68.00 for Airbnb $ABNB didn't fill in Thursday's pre-market. With that degree of knowledge, I'm surprised he was even able to get past the login/password stage.
These are the same traders that are often given margin/debt to trade options and leveraged ETFs, for what is, just another sign of the financial lunacy of the early 21st century.
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The afternoon saw a choppy recovery to sp'3665, and settling fractionally lower at 3663.
Volatility picked up some more, the VIX printing 25.14, and settling +3.5% at 23.31.
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Goodnight
from London
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