US equities opened in micro chop mode, but with a minor wave upward, the US market broke new historic highs in a quartet of indexes: sp'500, dow, NYSE comp', Nasdaq comp'. On any basis, that is an especially bullish end to the week.
Market volatility naturally remained very subdued, with the VIX settling lower for a fifth consecutive day, but (almost surprisingly) not falling into the 9s.
Near term outlook offers further equity price chop into next week's fed meeting. A 4-5% down wave into October remains on the menu, but that won't be enough to cause any problems to the mid/long term bullish trend.
|... and the week comes to a close.|
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Goodnight from London
*the weekend post will appear Sat'12pm, and will detail the US weekly indexes.
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