Friday, 13 June 2014

1pm update - fearless market

Whilst US equities see minor chop - with underlying slight upside, the real story is in the VIX, -3.9% @ 12.07. VIX looks set for a weekly close in the 11s, and certainly reflects a market that has little real concern, and that includes the latest disturbances in Iraq.


VIX,daily'3


Summary

Little to add.

We're seeing just the typical minor chop into the weekend, with a VIX that is simply melting lower.

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As for the game, Mexico can justifiably be infuriated by the incompetent Columbian linesman.

Bearish football officials.