US equity indexes closed a little weak, SPX -0.8pts (0.2%) at 3727. Nasdaq comp' -0.4%. Dow -0.2%. The Transports settled -0.7%.
sp'daily5
VIX'daily3
Summary
US equities opened similar to Monday, with the SPX breaking yet another new historic high of 3756. The gains were shaky from the start though, with indexes turning negative... if only fractionally, by mid morning.
Meanwhile...
Socialism trending... can never be a good thing.
Then we had...
Ms. Regan is certainly not one of the serfs, and continues to serve as a mouthpiece for the financial and political elite. Whilst a $3trn bailout (funded by Print Central) for Wall Street was seen as appropriate by the mainstream cheerleaders, a $2k check for the serfs... not so much.
In many ways... nothing has changed since 2008, the only difference, the numbers are far bigger, and the hypocrisy stinks even more than it did back then.
StimulusCheck was also trending, as the serfs were increasingly annoyed with McConnell who blocked a Senate vote on upgrading the $600 checks to $2000.
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The afternoon saw increasing weakness, for what was a pretty standard turnaround Tuesday.
Volatility picked up, the VIX settling +6.4% to 23.08
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| After a day of grey horror... the full moon breaks through! |
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| Full moon :) |
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Goodnight
from London
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