Monday 28 June 2021

Underlying upside power

US equity indexes closed rather mixed, SPX +9pts (0.2%) at 4290. Nasdaq comp' +1.0%. Dow -0.4%. The Transports settled -0.9%.

SPX - daily5

VIX - daily3

Summary

The week began with considerable chop, and some distinct sector/index disparity. More than anything though, new historic highs in the SPX and Nasdaq comp' were another reminder of underlying upside power.

Meanwhile...


I will simply note here (as its Google/Youtube)... the issues raised are very important.

The afternoon saw considerable chop, with the SPX even managing a new historic high.

Volatility was subdued, the VIX settling +0.9% to 15.76.
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Goodnight from London
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