US equity indexes mostly closed on a weak note, SPX -14pts (0.4%) at 3694. Nasdaq comp' -0.1%. Dow +0.1%. The Transports settled -0.6%.
sp'daily5
VIX'daily3
Summary
US equities opened significantly lower, with the SPX printing 3636 around mid morning. From there, the shorts duly covered, and the dip buyers piled in.
Meanwhile...
US T-sec Mnuchin was wheeled out onto clown finance TV before the open, to tout stimulus bill number 4. It should be clear, there will be a 5, 6, 7.. and so forth. Despite an agreement on $900bn of spending the US Govt' can't afford, the serfs still weren't happy...
Indeed, for many, a $600 stimulus check is mere bread crumbs to what the financial markets and big business have received.
The late morning to mid afternoon saw a very significant recovery, with the SPX printing 3702, and settling at 3694. Volatility spiked, with the VIX printing 28.85 in the 10am hour, but then cooling back to settle +16.6% at 25.16.
Ohh, and as for the winter solstice and Jupiter/Saturn conjunction... it was a day of grey rainy horror in the capital. At least Sunday was fine though, and for pics... scroll back!
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Goodnight
from London
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