Into the long weekend

US equity indexes closed moderately mixed,  sp' u/c at 2901. The two leaders - Trans/R2K, settled -0.1% and +0.5% respectively. VIX settled -4.9% at 12.86. Near term outlook offers an up wave in early September to new historic highs.


sp'daily5

VIX'daily3

Summary

The month ended with a great deal of minor chop, leaning on the slightly weaker side, on US/Canada trade concerns. Its notable that the R2K did break (if marginal) a new historic high today, making it a day for the equity bulls. Volatility saw a mini spike to 14.03, but then (naturally) melted lower into the weekend, settling in the upper 12s.
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Sunset on August

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Goodnight from London

*the weekend post will appear Sat' 12pm EDT, and will detail a broad selection of world equity markets.
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