New cycle highs

US equity indexes closed a little mixed, sp +3pts (0.1%) at 2796. Nasdaq comp' +0.4%. The two leaders - Trans/R2K, both settled -0.1%. Near term outlook offers early Tuesday weakness.

sp'daily5

VIX'daily3

Summary

US equities opened with new cycle highs, helped via a late Sunday tweet from Trump confirming that the March 1st trade/tariff deadline was cancelled. Indeed... its been outright cancelled, rather that just delayed/extended, as the US President appears confident a trade agreement with the Chinese will be reached.

Volatility was naturally subdued, with the VIX breaking a new cycle low of 13.44, and settling in the
upper 14s.


Bonus chart: China, monthly

With just three trading days left of the month, the Chinese equity market is currently net higher by an extremely powerful 14.6% at 2961. It'd seem giant psy'3K will be tested before end month. Bodes bullish for other world markets into the spring.
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More pre-BREXIT escapees

Sunset, 18c, 64f.... bullish!

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Goodnight from London
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