Closing Brief

A very quiet start to the week, with the main US equity indexes closing mixed. The sp +3pts @ 1695. Precious metals closed with very significant gains, Gold +$38. There was notable weakness in Oil, -1.4%, although the $110s still look a given.


sp'60min

Summary

Pretty dull day really, and I just don't see why the rest of the week will be any different.

Sure there are a lot of earnings, but Mr Market remains in melt mode from the now distant sp'1560 low (a mere 4 weeks ago).

Bears face QE of $3bn tomorrow. Even a flat close will be 'difficult'.
--

the usual bits and pieces across the evening.