sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, clawing upward to 2441. There was a clear rollover into the close.
Market volatility remains broadly subdued, although the VIX is still managing to stay out of the 9s.
Near term outlook offers at least sp'2422/20, which should equate to VIX 12s. If sp'2415/00 zone, then 13/14s are viable. The key 20 threshold looks out of range until at least late September. The only wild card would be a weekend 'North Korean surprise'.
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Meanwhile... here in London city...
The 'Tower' story keeps on running.. see: http://www.bbc.co.uk/news/uk-40366646
The latest is there are around 600 'clad' towers in England, although no one yet knows how many are covered in the flammable version. I'd guess at least a quarter, as the flammable version is (naturally) cheaper.
Yours truly prefers nothing higher than a few floors, and simple unclad brick.
Goodnight from London
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