Ending the week strong

US equity indexes ended the week on a positive note, sp +17pts (0.6%) at 2879. The two leaders - Trans/R2K, settled +0.2% and +0.5% respectively. VIX settled -3.4% at 11.99. Near term outlook offers upside of another 1% into the Labor day holiday break.


sp'daily5

VIX'daily3

Summary

US equities opened a little higher, and built gains into the afternoon. The R2K was the first to break a new historic high, followed by the Nasdaq comp', and then the sp'500. On any basis, it was a very strong end to the week.

Volatility was naturally subdued, with the VIX melting into the upper 11s.
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Goodnight from London
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