Thursday 4 August 2022

Tedious Thursday

US equity indexes closed a little mixed, SPX -3pts (0.1%) at 4151. Nasdaq comp' +0.4%. Dow -0.3%. The Transports settled +0.4%. R2K -0.2%.

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, if leaning weak into late morning.

Meanwhile... 


Unlike the US Fed, the BoE are distinctly more straight talking, calling for a recession to last over a year.
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The afternoon saw considerable tedious micro chop.
Volatility was subdued, the VIX settling -2.3% to 21.44.
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A fine August evening

Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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