Friday 20 December 2019

Ending strong

US equity indexes closed moderately higher, sp +15pts (0.5%) at 3221. Nasdaq comp' +0.4%. Dow +0.3%. The Transports settled +0.9%.

sp'daily5



VIX'daily3



Summary

US equities opened moderately higher, with the usual quartet of indexes - SPX, Dow, NYSE comp', and Nasdaq comp', breaking new historic highs.

Trump appeared in the morning...


The mainstream currently believe phase'1 of a US/China trade deal will be signed in January, but that could easily drag into the spring.

The afternoon saw micro chop, but breaking a new historic high of sp'3225.
Volatility remained subdued, with the VIX settling +0.1% at 12.51.
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Winter solstice is this Sunday Dec'22nd
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Goodnight from London
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