US equity indexes closed on a weak note, sp -12pts (0.4%) at 2901. The
two leaders - Trans/R2K, settled -0.7% and -0.1% respectively. Near term
outlook offers another wave higher into the long weekend.
sp'daily5
VIX'daily3
Summary
It turned out to be something of a mixed day in equity land. The bulls did achieve a pair of new index historic highs - Nasdaq comp', and the R2K, but the late afternoon saw some distinct cooling on Trump China-tariff concerns.
Volatility saw a mini ramp in late afternoon, pushing into the mid teens. The drama!
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