Further pressure on Print Central

US equity indexes settled on a weak note, sp -1.8pts (0.1%) at 2905. Nasdaq comp' and Dow both cooled by -0.1%. The two leaders - Trans/R2K, settled -0.8% and -0.3% respectively. Near term outlook offers a little further cooling.

sp'daily5

VIX'daily3

Summary

It was a pretty subdued day to begin Easter-holiday week, with moderate cooling in late morning, and a minor latter day recovery, before leaning a little weak into the close. Volatility clawed into the low 13s, before cooling back to settle +2.6 at 12.32.


Further pressure on Print Central

The following tweet appeared Sunday morning (10.04am EDT), and just adds further pressure on Print Central to loosen monetary policy... 

QT is set to end this September, and a subsequent series of rate cuts can then be expected. The only real unknown is what level will the SPX will be trading at when the printers are spun back up. Crazy times.
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The monster of the skies

Summer warmth... soon

Twilight moon, with Full moon this 'Good Friday'

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Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk

Goodnight from London
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