US equities opened in chop mode, leaning on the upward side. Williams of the Fed was wheeled out to CNBC in the 10am hour, spewed some fedspeak, and the market jumped to sp'2504, only to then fully reverse into midday.
|Wheeled out from Print Central to pump the market|
The market spiraled in the 12pm hour, but things turned really ugly with Navarro comments in late afternoon, that saw the spx break a new low for the year of 2408.
|Navarro.. the bearish gift, that keeps on giving the whole year|
Volatility swung from the 25s to the 31s, and settling +6.1% at 30.11. Considering equity price action, the VIX is still rather low.
|Winter solstice sunshine|
|A shrouded... almost full moon|
A half century ago...
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Goodnight from London
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