Wednesday 3 July 2019

Baby steps into Independence Day

US equity indexes climbed into the holiday break, sp +22pts (0.8%) at 2995. Nasdaq comp' +0.8%. Dow +0.7%. The two leaders - Trans/R2K, settled +1.0% and +0.7% respectively.




US equities opened on a positive note, and it was enough to see the SPX break another new historic high. Comments from the US President helped to fuel the 'monetary easing will save us all' mainstream hope...

The closing hour saw the SPX and Dow both break new historic highs of 2995 and 26966 respectively. Volatility was naturally subdued into the holiday break, with the VIX settling -2.8% to 12.57. 


Baby steps into the DMZ

A personal favourite...

What about Bob?, 1991

To my readers within the USA, Happy Independence day! To everyone else... enjoy the day off.

*the next post on this page will appear around 5pm EDT on Friday.
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