US equities began the week on a pretty subdued note, with opening chop, leaning on the slightly weaker side. Trump was active before the opening bell...
... with a double tweet follow up...
It would seem Trump is aware the fed will cut rates by -25bps this Wednesday, rather than -50bps.
Volatility remained broadly subdued, with the VIX settling +5.5% at 12.83. The s/t outlook favours moderate equity chop ahead of the Wed' 2pm announcement from the Fed. From there... things should get real interesting.
|A Korean giant ascending from the land of BREXIT chaos...|
|..as the GBP continues to depreciate towards parity with the USD.|
|A fine summer's evening|
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
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