Monday 20 August 2018

New historic highs are close

US equity indexes closed on a broadly positive note, sp +6pts (0.2%) at 2857. The two leaders - Trans/R2K, settled +1.2% and +0.3% respectively. VIX settled -1.2% at 12.49. Near term outlook offers new historic highs >sp'2872.


sp'daily5



VIX'daily3



Summary

US equities opened a little higher, and whilst the gains were initially shaky, the market clawed upward into the late afternoon. Volatility was naturally subdued, with the VIX settling in the mid 12s. S/t outlook offers new historic highs in equities. If so, then VIX will remain sub-teens.
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Goodnight from London
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