Friday, 8 August 2025

No market for old bears

US equity indexes mostly closed on a positive note, SPX +49pts (0.8%) at 6389. Nasdaq comp' +1.0%. Dow +0.5%. The Transports settled -0.4%. R2K +0.2%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, with the SPX battling upward into the afternoon, printing 6395. The late afternoon saw a touch of cooling, to settle at 6389. If anything, this is no market for old bears.

Volatility was ground lower into the weekend, the VIX settling -8.6% to 15.15.   



Almost full

... in memory of Jim Lovell, the only human to ever fly to the moon twice (Apollo 8 & 13)... but never actually landing on it.

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Goodnight from London
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