Wednesday 12 September 2018

Midweek moderate swings

US equity indexes closed a little mixed, sp +1pt at 2888. The two leaders - Trans/R2K, settled -0.2% and -0.1% respectively. VIX settled -0.6% at 13.14. Near term outlook offers upside to the 2900s before the weekend.




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.

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.

Ten days until Autumn
Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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