sp'daily5
VIX'daily3
Summary
US equities began the week on a pretty subdued note, with opening chop, leaning on the slightly weaker side. Trump was active before the opening bell...
... with a double tweet follow up...
It would seem Trump is aware the fed will cut rates by -25bps this Wednesday, rather than -50bps.
Volatility remained broadly subdued, with the VIX settling +5.5% at 12.83. The s/t outlook favours moderate equity chop ahead of the Wed' 2pm announcement from the Fed. From there... things should get real interesting.
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| A Korean giant ascending from the land of BREXIT chaos... |
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| ..as the GBP continues to depreciate towards parity with the USD. |
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| A fine summer's evening |
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
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