Friday, 4 March 2016

1pm update - churning around 2000

US equities are increasingly seeing micro chop, with the sp'500 around 2K, and Dow 17K. Clearly, we're arguably no more than 1-2% from what should complete a rather natural bounce from the Feb'11th low of sp'1810. VIX remains naturally subdued, stuck in the 16s.




Little to add.

8 trading days until the FOMC.. at which point we should have maxed out.

notable strength: SDRL, daily

The junk continues to soar, after all, everything is fixed now, yes?

back at 2pm