10am update - minor weak chop

US equities open a touch lower, with the only notable weakness in the R2K, -0.6%. Metals are flat, whilst Oil is +0.4%. Despite the equity weakness, VIX opens fractionally lower.


sp'60min

R2K, daily

Summary

There really isn't much to note.

Market is likely to just see minor chop until 2pm. From there....difficult to say.

What is clear...downside is more likely after Yellen @ Jackson Hole..than this afternoon.
-

Notable strength: airlines, UAL +1.5%