Friday 2 May 2014

12pm update - choppy morning

It has been a bit of a choppy morning in market land, with sp' trading between 1880/91. Despite the late morning snap (Ukraine issues), the VIX remains subdued, and is not indicating even moderate concern into the weekend. Metals are holding sig' gains, Gold +$16


sp'60min


Summary

So..bull maniacs get a headline jobs number that is way above expectations. We've seen the market break into the 1890s - last seen at the previous jobs number a month ago.

Overall though, it looks to be a quiet end to the week, with net weekly gains for all indexes. Clearly, the 1900s aren't happening today, but next week...I'd still guess.

-
VIX update from Mr T.



--
time for tea (or wine?)