sp'daily5
VIX'daily3
Summary
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US equities opened moderately higher, partly inspired by strength in Asian and European markets. From a new multi-month high of sp'2916, there was some cooling to fill the opening gap in mid afternoon, with further chop into the close.
Volatility was subdued, with the VIX printing 11.99 (normal market hours), and settling -1.1% at 12.18. The s/t cyclical setup will (at least marginally) favour the bears for the remaining two trading days of the week.
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Goodnight from London
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