US equity indexes closed on a positive note, SPX +25pts (0.5%) at 4894. Nasdaq comp' +0.2%. Dow +0.6%. The Transports settled +1.2%. R2K +0.8%
SPX - daily
VIX - daily
Summary
The day began in pre-market with the latest GDP data...
The headline 3.3% number was far above consensus of 2.0%.
On first look, its a good number, yet if you strip out govt' over-spending of around 6%, you could argue the 'real economy' is -3%. I'm not the only one who has argued that. Gundlach is the only big name who makes it onto CNBC and can still openly say it.
_
US equities opened moderately higher, with the SPX printing 4898. From there... choppy cooling to 4869, with a late day mini ramp to settle at 4894.
Volatility climbed for a second day, the VIX settling +2.4% to 13.45.
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Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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