Tuesday 6 July 2021

Starting weak

US equity indexes closed rather mixed, SPX -8pts (-0.2%) at 4343. Nasdaq comp' +0.2%. Dow -0.6%. The Transports settled -1.0%.

SPX - daily5

VIX - daily3

Summary

US equities began the short week on a weak note, but all the bears could manage was sp'4314, before a latter day recovery. I'd note the SPX and Nasdaq comp' both broke (if fractional) new historic highs, a reminder of underlying upward pressure.

Volatility remained relatively subdued, the VIX settling +9.1% to 16.44.

Bullish 5G wireless towers


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Goodnight from London
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