sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, and stayed that way for almost the entire day. There were a few sporadic swings, notably due to renewed chatter of US/China trade talks. That issue is probably not going to be resolved until November.
Volatility was naturally subdued, with the VIX churning in the 13/12s.
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Bonus, China, monthly
The Wednesday session saw a new low for the year of 2647, with the Shanghai comp' currently -2.5% for the month. Not pretty, and its clearly a drag for US listed stocks such as BABA, BIDU, JD, and TCEHY.
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| Ten days until Autumn |
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Goodnight from London
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