US equities are in minor chop mode, having bounced from sp'2085 to an initial bounce of 2100, a weekly close in the low 2100s looks probable. Transports is showing a notable higher low... viable upside to 8900/9K by early July. VIX is reflecting a market will no concern about the weekend, -1% in the mid 14s.
sp'60min
Trans, daily
Summary
*Fed official Dudley is due to speak this hour, I'm not sure if the media will be paying any attention though
--
Suffice to add... things are panning out as kinda expected.
Regardless of the exact close... I do not expect the equity market to unravel at this time.
New historic highs in a few indexes look due in the coming weeks.
-
VIX update from Mr T.
--
time for a cool drink... on what is a rather nice summers day in London city.