US equity indexes mostly closed on a positive note, SPX +30pts (0.8%) at 3798. Nasdaq comp' +1.5%. Dow +0.4%. The Transports settled -0.4%.
sp'daily5
VIX'daily3
Summary
The short week began on a positive note, the SPX opening moderately higher, and after some chop, battling upward.
Meanwhile...
For those who are anti-oil, the news is great, as Keystone XL appears set to be blocked by exec' order. Rather than a more efficient pipeline, Oil can be expected to continue to be transported by train and by road. This is environmental policy... at its most insane.
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The afternoon saw considerable chop, if leaning to the weaker side. Broadly though, it was a distinctly positive end to the Trump era.
Volatility was ground lower, the VIX settling -4.5% to 23.24.
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... and that... is that.
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Goodnight
from London
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