Equities opened a little choppy, leaning weak to 3047, but then clawing back upward into early afternoon.
These remain bizarre times, the following two screenies are added, if only for historical posterity...
|"No one cared who I was until I put on the mask"|
|"No one cared until I started buying Newmont $NEM corp' bonds"|
The afternoon saw considerable chop, but with the closing hour seeing an upward spike to 3111, and settling at 3100. Volatility was ground lower, the VIX settling -4.2% to 30.43.
With the SPX settling June above multiple aspects of support, not least the 50dma, psy'3K, the monthly 10MA, and the 200dma, it made for a second consecutive bullish monthly settlement. The market still looks vulnerable to the mid/low 2800s, but I would expect July itself to also settle >3K, not least if stim' bill 4 is passed.
|Moody skies... as June/Q2/H1 settles|
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
If you value my work, subscribe to my intraday service.
For details and the latest offers, see: Permabeardoomster.com