US equity indexes closed a little higher, SPX +5pts (0.1%) at 3732. Nasdaq comp' +0.1%. Dow +0.2%. The Transports settled +0.2%.
sp'daily5
VIX'daily3
Summary
US equities opened on a positive note, with the mainstream looking forward to $600 stimulus checks being distributed.
It remains tragically sad to see the serfs focusing on their crumbs. Further, the $600 is roughly 50% financed by the Fed, which by definition is depreciating the USD, weakening the purchasing power, which especially impacts the serfs.
Rather important news...
Hawley is the first to warn he will contest the electoral college results. Wednesday January 6th will merit very serious attention.
RSBN provided superb coverage of the Georgia hearing on the election fraud. The many individual reports were truly disturbing, all supportive to the notion of large scale fraud.
Perhaps the real irony is those of you who lightly dismiss it, and won't watch a single minute of the coverage. Great empires have fallen for less such apathy.
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The afternoon saw considerable chop, for what was a very narrow range day.
Volatility churned, with the VIX settling -1.3% to 22.77. Today's SPX candle is black, with the VIX settling with a reversal candle, both favouring the equity bears into year end.
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| Bullish iridescence |
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| Winter 2020 |
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| The waning moon |
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Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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