Monday 29 July 2019

Further Presidential fed bashing

US equity indexes closed a little mixed, sp -4.9pts (0.2%) at 3020. Nasdaq comp -0.4%. The two leaders - Trans/R2K, settled u/c and -0.6% respectively. Near term outlook offers moderate chop ahead of the fed.




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.

A Korean giant ascending from the land of BREXIT chaos... the GBP continues to depreciate towards parity with the USD.

A fine summer's evening
Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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