Friday, 23 June 2017

Leaning weak

US equity indexes closed moderately mixed, sp -1pt at 2434.  The two leaders - Trans/R2K, settled higher by 0.3% and 0.4% respectively. Near term outlook offers the sp'2415/00 zone.




US equities opened in minor chop mode, clawing upward to 2441. There was a clear rollover into the close.

Market volatility remains broadly subdued, although the VIX is still managing to stay out of the 9s.

Near term outlook offers at least sp'2422/20, which should equate to VIX 12s. If sp'2415/00 zone, then 13/14s are viable. The key 20 threshold looks out of range until at least late September. The only wild card would be a weekend 'North Korean surprise'.


Meanwhile... here in London city...

The 'Tower' story keeps on running.. see:

The latest is there are around 600 'clad' towers in England, although no one yet knows how many are covered in the flammable version. I'd guess at least a quarter, as the flammable version is (naturally) cheaper.

Yours truly prefers nothing higher than a few floors, and simple unclad brick.

Goodnight from London