US equities are set to close moderately weak, with the sp -4pts @ 1982.. having earlier hit 1991. VIX remains broadly subdued, -0.4% in the 19s. With the USD -0.7% in the 95.40s, there is some strength in commodities.. Gold +$11, with Oil +4.4% in the $48s.
*if tomorrow's EIA report can please the market.. then WTIC will be testing $50.. with USO up another 3-4%.
Little to add.
A day of relative chop... further equity weakness is probable tomorrow... but from a trading perspective, it looks a lousy trade.
A move above the FOMC (minutes) high of sp'2020 looks due.
back at the close