sp'daily5
VIX'daily3
Summary
US equities opened little weak, seeing a low of 2749, and then clawing upward to 2775.99 in the 2pm hour.. fractionally breaking above the Friday high. The closing hour saw a distinct reversal, settling moderately lower at 2750.
Volatility saw a mixed day, settling effectively u/c in the 21s. S/t outlook offers equity cooling of around 2% to 2700, and that will likely equate to VIX 24/27s.
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Bonus chart: China, monthly
The Shanghai comp' saw a Monday decline of -1.5%, and with 12 trading days left of the month, that makes for a current net monthly decline of -9.0%. Ugly... real ugly. Again, I have to wonder that the communist leadership are actually happy to see the capitalistic speculators hurt by lower prices.
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Goodnight from London
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