Thursday, 21 December 2017

Awaiting the Christmas break

US equity indexes closed a little mixed, sp +5pts at 2684. The two leaders - Trans/R2K, settled u/c and +0.5% respectively. VIX settled -1.0% at 9.62. Near term outlook offers minor chop into the Christmas break. The sp'2700s and Dow 25k seem probable before year end. More broadly, many are now seeking sp'3K in 2018.




It was a bullish day, as we did see two indexes - NYSE comp', and Transports, break new historic highs.

As expected, with each day, more of the mainstream are jumping aboard the sp'3K train...

Today was winter solstice, the long crawl into summer 2018 has begun.

Goodnight from London