US equities opened a little higher, and it was enough to generate a new historic high for the Dow. However, with the fed out of the way, Mr Market was tired, and melted lower into the late afternoon.
The VIX settled higher for a third day, the 11/12s look viable in the near term with sp'2646/36. The low teens look out of range unless sp<2624, which itself seems very unlikely.
The Scottish regional govt, are raising taxes, despite it being well recognised that GDP is sub 1.0%. This is economic lunacy. Are they actively trying to drive capital south of the border?
|A fine winter's day in London|
Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
If you value my work, subscribe to me.
For details: https://permabeardoomster.blogspot.co.uk/p/subscriptions.html