Wednesday 22 April 2020

Midweek bounce

US equity indexes mostly closed very significantly higher, sp +62pts (2.3%) at 2799. Nasdaq comp' +2.8%. Dow +2.0%. The Transports settled -0.1%.

sp'daily5



VIX'daily3



Summary

US equities opened significantly higher, helped via rebounding European markets and WTIC. Price leaned upward into the afternoon to 2815, with moderate cooling in the final ten minutes.

Volatility was in cooling mode, the VIX settling -7.5% at 41.98.
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Today's departure... partly funded by the BoJ

Sunset in the capital of mass hysteria
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Goodnight from London
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