Tuesday, 23 June 2015

1pm update - Go for Launch

US equities remain a touch weak, and it remains the case that equity bears should be battling for a daily close <sp'2115, with VIX 13s. USD is re-building sig' gains of 1.2% in the DXY 95.40s. Metals remain under pressure, Gold -$7,  with Silver -2.4%. Oil has built very strong gains of 1.9%.. back above the $60 threshold.




Little to add... on what remains a quiet day.

All things considered, some further weakness into the close looks probable.

*GDP data (second rev') tomorrow..  market is seeking -0.2%... not exactly inspiring. Clearly, anything above consensus, and concerns about higher rates will return... favouring the equity bears.

Another great one from Horner...


... the clock is running...................... back at 2pm