Friday 20 July 2018

Opex chop

US equity indexes closed fractionally weak, sp -2pts (0.1%) at 2801. The two leaders - Trans/R2K, settled -0.1% and -0.3% respectively. VIX settled -0.1% at 12.86. Near term outlook offers cooling of around 1.5% to the 2760s.




Some Trump tweets spooked the market in pre-market, but the half-life of market upset is ever shorter, with the sp' turning fractionally positive by 9.45am. The rest of the day was micro chop. The opex settlement of 2801 was pretty close to perfect for the market makers.

Volatility was naturally subdued, melting lower, settling in the upper 12s.

Goodnight from London
The weekend post will probably appear Saturday 12pm EDT.