Tuesday 26 February 2019

Leaning weak

 US equity indexes closed a little weak, sp -2pts (0.1%) at 2793. The two leaders - Trans/R2K, settled -0.4% and -0.7% respectively. VIX settled +2.1% at 15.17. Near term outlook offers cooling (if choppy) into end month.




US equities opened a little weak, partly pressured via weakness in Asia/European markets.

Powell appeared before the US Senators...

... and it was an especially tedious few hours. Wednesday's should be less painful, and far more lively, as its chaired by the infamous Maxine Waters. AOC, aka... Alexandria Ocasio-Cortez will no doubt garner mainstream media attention, and it will be interesting to see what she has to say to the CEO of print central. I don't say it entirely free of sarcasm, but might she ask the fed to print $10trn, to help fund her green new deal?

21c/70f, skipping spring, straight into summer.
Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk

Goodnight from London
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