Wednesday 14 July 2021

Midweek chop

US equity indexes mostly closed a little mixed, SPX +5pts (0.1%) at 4374. Nasdaq comp' -0.2%. Dow +0.1%. The Transports settled +0.1%. R2K -1.5%

SPX - daily5


VIX - daily3

Summary

US equities opened on a positive note, with the SPX printing a new historic high of 4393. The gains were shaky from the start though, with indexes turning negative just before Powell appeared...

The CEO of Print Central

The afternoon saw considerable chop, if cooling back a little.

Volatility was subdued, the VIX settling -4.6% to 16.33. Tomorrow is a Thursday, and that will inherently lean to the equity bears, before some Friday-OPEX chop.
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Bullish summer evenings


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Goodnight from London
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