Thursday 29 June 2023

Positive leaning chop

US equity indexes mostly closed on a positive note, SPX +19pts (+0.4%) at 4396. Nasdaq comp' u/c. Dow +0.8%. The Transports settled +0.7%. R2K +1.3%

SPX - daily

VIX - daily

Summary

Pre-market moderate gains were eroded by better than expected GDP data (2.0% vs 1.3% print 2), as the market is back to 'good news is bad news'. US equities opened in minor chop mode.

The SPX still battled upward though to 4398, and settling at 4396.

Volatility remained repressed, the VIX settling +0.8% to 13.54.
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Full moon will be July 3rd

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Goodnight from London
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