US equity indexes closed a little mixed, SPX -1pt (0.03%) at 3931. Nasdaq comp' -0.6%. Dow +0.3%. The Transports settled -0.6%.
sp'daily5
VIX'daily3
Summary
US equities opened on a weak note, with the spx cooling to psy'3900, but then rebounding into the late afternoon.
Meanwhile...
Whilst it was ironic to see the marxists/communists beg the Biden admin' for debt forgiveness, the issue of 'moral hazard' barely even gets considered these days. After all, if the fed can print trillions, and operate an unlimited credit line for the US financials... why not a few trillion for all those students studying Art History or sociology?
Volatility picked up, if only to 23.44, the VIX settling +0.2% to 21.50.
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Goodnight
from London
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