sp'daily5
VIX'daily3
Summary
It was a day of swings, with morning strength to 2356, but then latter day weakness to 2335 - fractionally breaking the Wed' low.
With equities turning moderately lower in the afternoon, the VIX briefly saw the 14s, before cooling due to a closing hour equity ramp.
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As for Trump pulling the healthcare bill, it was never going to be easy, but its clearly a sign of weakness as even some republicans won't support their President. It doesn't bode well for subsequent tax or infrastructure bills, which the market has used as a (valid) excuse for powerful gains since last November.
I would hope we could all agree though, some drama to end the week, is usually a good thing, right?
Goodnight from London
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*the weekend post will appear Sat' 12pm, and will detail the US weekly indexes