Friday 25 October 2019

Climbing into the weekend

US equity indexes closed broadly higher, sp +12pts (0.4%) at 3022. Nasdaq comp' +0.7%. Dow +0.6%. The Transports settled +1.7%.

sp'daily5



VIX'daily3



Summary

US equities opened a little weak, but saw a reversal, and battled upward into the early afternoon. The SPX printed 3027.39, a mere 0.59pts shy of the July historic high. The afternoon saw a little cooling, settling at 3022.

Volatility was subdued, with the VIX settling -7.7% at 12.65.


Dow 650k in 2069?

The Cramer... musing on Dow 650k
Baron with Ms. Quick of CNBC...



Half a century is a long time, and unless I get myself a time travelling DeLorean, I don't think I'll get to find out. 
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Extra charts in AH (usually around 5pm EDT) @ https://twitter.com/permabear_uk

Goodnight from London
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