A mixed end to the week

US equity indexes closed a little mixed, sp +5pts (0.2%) at 2754. The two leaders - Trans/R2K, settled -0.5% and -0.2% respectively. VIX settled -5.9% at 13.77. Near term outlook offers sp'2779 on Monday, before another rollover, as 2718 remains due.


sp'daily5

VIX'daily3

Summary

US equities opened moderately higher, then saw some chop, not helped as the US President was posting once more on Twitter. Equities battled upward into the afternoon, but did see some distinct weakness in the closing minutes.

Volatility was notably subdued, with the VIX settling the week in the 13s. Near term outlook offers VIX 16/17s, assuming sp'2718, whether next week, or early July.

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Goodnight from London
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