Monday 8 July 2019

Starting weak

US equity indexes closed moderately weak, sp -14pts (0.5%) at 2975. Nasdaq comp' -0.8%. The two leaders - Trans/R2K, settled -0.6% and -0.9% respectively. Near term outlook offers an 'interesting' Wednesday.




US equities opened on a moderately weak note, and slipped into chop mode into the afternoon, still leaning on the weaker side. Volatility picked up, with the VIX peaking at 14.44, and settling +5.1% at 13.96.

Meanwhile, Trump continues to bash the fed...

... suggesting the Dow would be 5000 to 10000 points higher, were it not for the actions of the fed.
Make of that, what you will.

Somewhat moody summer skies
Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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