US equity indexes closed broadly lower, SPX -31pts (0.8%) at 3870. Nasdaq comp' -1.7%. Dow -0.5%. The Transports settled -0.3%.
SPX - daily5
VIX - daily3
Summary
US equities opened choppy, leaning on the weaker side, the SPX cooling to
Meanwhile...
Sorkin of CNBC with Elizabeth Warren, whom was touting an 'ultra-millionaire tax' for the top 0.05%. Whilst that is how it might start, within a few years it'd likely expand far beyond the top 1%, and eventually to the working poor. Its just another sign of the spreading cancer of communism within the western world.
The afternoon saw considerable chop, with some distinct weakness into the close.
Volatility picked up... if only a little, the VIX settling +3.2% to 24.10.
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| Sunspots... zero. |
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Goodnight
from London
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