Closing Brief

US equities settled broadly lower, sp -27pts @ 2029 (intra low 2019). The two leaders - Trans/R2K, settled -1.2% and -0.5% respectively. Near term outlook offers renewed strength post FOMC announcement, and if GDP comes in >3%... Mr Market has a high opportunity of attaining a weekly close in the 2070s.


sp'60min

Summary

*awaiting AAPL earnings at 4.30pm
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An interesting day... certainly for the bears.. but there are indeed plenty of signs that we have a floor of sp'2019.

It remains bemusing that few seem to want to reflect upon the fact that the US market remains very close to historic highs.


UPDATE 4.45pm..

AAPL earnings... greatly exceed (by around 20%) market expectations.

Main market dragged higher by 0.5% in early AH trading...

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more later.. on the VIX