Monday 25 November 2019

Straight into the garbage

US equity indexes closed broadly higher, sp +23pts (0.7%) at 3133. Nasdaq comp' +1.3%.  Dow +0.7%. The Transports settled +1.5%.




US equities opened moderately higher, and it was enough to generate new historic highs in the SPX and Nasdaq comp'.


Volatility remained subdued, with the VIX settling -3.8% at 11.87. The s/t cyclical setup favours a cooling wave ahead of the Thanksgiving break.

Straight into the garbage

This morning's political mail....

Some comedy from the Conservative (coalition ruling) party...

The truth is that the UK economy has been borderline recession for some years. Public finances are a disaster, with monstrous fiscal deficits since 2008. Many in the UK will recognise that the Conservatives touting higher spending promises on healthcare and policing is grossly hypocritical... not that Labour or the Liberal Democrats have any better ideas.

*The election is due Dec'12th, with results Friday the 13th :)

Extra charts in AH (usually around 5pm EST) @

Goodnight from London
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: