Friday, 5 July 2024

Starmer's rain of terror begins

US equity indexes closed rather mixed, SPX +30pts (0.5%) at 5567. Nasdaq comp' +0.9%. Dow +0.2%. The Transports settled -0.8%. R2K -0.5%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, but it took just minutes for the SPX and Nasdaq comp' to break new hist' highs. The bulk of the day saw micro chop, if mostly leaning on the upward side.

Volatility picked up a little, the VIX settling +3.2% to 12.48.
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London floods on day'1 of Starmer. Appropriate


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

Goodnight from London
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