Despite breaking again into the sp'1940s, US equities are only moderately lower. VIX is seemingly unable to break above the earlier high of 16.78. Metals are holding minor gains, Gold +$3. Oil has turned significantly lower, -1.0%
It is notable that despite a crate of bad news this morning - not least the IMF growth downgrade, the market is holding up relatively well.
Overall, it remains... messy.
Notable strength, oil/gas drillers, building gains, RIG +4%, SDRL +4.9%
VIX update from Mr T.
time for tea............ back at 2pm.