Saturday, 17 June 2017

Chop into the weekend

US equity indexes closed fractionally mixed, sp +0.7pts at 2433. The two leaders - Trans/R2K, settled +0.1% and -0.2% respectively. VIX settled -4.8% at 10.38. Near term outlook offers weakness to sp'2400/2390s, before renewed upside into early July for Q2 earnings. Broadly, the US market remains 'scary strong'.




There is little to be said about today. Being quad-opex, it was a day of moderate chop, with all indexes settling close to flat.

Volatility remained subdued, but the VIX did notably manage to stay out of the 9s.

So many towers... so much flammable cladding

Goodnight from London

*the weekend post will appear Sat'12pm EST, and will detail the US weekly indexes