Friday 22 May 2020

Weak chop into the long weekend

US equity indexes mostly ended a little higher, sp +6pts (0.2%) at 2955. Nasdaq comp' +0.4%. Dow -0.04%. The Transports settled +0.2%.


sp'daily5



VIX'daily3



Summary

US equities opened in minor chop mode, with the market seeing moderate cooling to 2933.

Meanwhile...


Indeed, US/China tensions continue to increase each day.

The afternoon saw a push to 2956, with considerable minor chop into the long weekend.
Volatility was itself subdued, the VIX settling -4.6% at 28.16.
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Goodnight from London
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