US equity indexes mostly closed a little weak, SPX -3pts (0.1%) at 4226. Nasdaq comp' +0.5%. Dow -0.4%. The Transports settled -0.2%.
SPX - daily5
VIX - daily3
Summary
It was a day of considerable minor chop. Volatility was naturally subdued, the VIX settling u/c at 16.42. Price action can only get more dynamic from here, right?
A trio of polls...
Almost two thirds expect a straight run to new historic highs... which is clearly viable within the near term.
Two thirds expect core (ex' food/energy) CPI to go no higher than 6%. That seems overly conservative, considering things like Lumber, oil, and copper.
Just under a third of you expect the fed to being tapering QE before year end.
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| A fine June day |
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Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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