Monday, 1 February 2016

12pm update - clawing slowly upward

US equities continue to claw slowly upward from the early low of sp'1920. Regardless of whether the daily close is a moderate gain or decline.. there seems little reason to expect price action much above 1955/60 this week. Metals are holding gains, Gold +$7. Energy remains exceptionally weak, Oil -5.0% in the $31s.



Little to add.

We're already close to break even, and Fischer hasn't even appeared yet.

notable strength...

TWTR, daily

There is increasing buyout chatter. If any potential buyer has any sense, they'll make a play after the market has been whacked into the early summer.

VIX update from Mr T

time for lunch