Thursday 29 August 2019

Pre-holiday gains

US equity indexes closed significantly higher, sp +36pts (1.3%) at 2924. Nasdaq comp' +1.5%. The two leaders - Trans/R2K, settled +2.0% and +1.6% respectively. Near term outlook offers chop into the long holiday weekend.




US equities opened significantly higher, as the mainstream were back to 'everything is fine again' mode.


... and we know that 'what they should', means negative rates with renewed QE.

Volatility was naturally in melt mode, with the VIX settling -7.6% at 17.88. The s/t outlook favours equity chop into the weekend.

Descending into the land of BREXIT chaos

Another day closer to autumn
Extra charts in AH (usually around 5pm EDT) @

Goodnight from London
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