Wednesday, 27 November 2019

Wednesday's revolt

US equity indexes closed mostly higher, sp +13pts (0.4%) at 3153. Nasdaq comp' +0.7%. Dow +0.2%. The Transports settled -0.2%.




US equities opened in minor chop mode, and once again, it was enough to generate another set of index historic highs, in the usual trio of the SPX, Nasdaq comp', and the Dow.

The afternoon saw further algo-bot upward melt to new historic highs. Volatility broke a new multi-month low of 11.44, with the VIX settling +1.8% at 11.75.

Wednesday's revolt

"You have taken the land which is rightfully ours. Years from now, my people will be forced to live in mobile homes on reservations, your people will wear cardigans and drink highballs. We will sell our bracelets by the roadsides, you will play golf and enjoy hot hors d'oeuvres. My people will have pain and degradation, your people will have stick-shifts. The gods of my tribe have spoken. They have said, Do not trust the Pilgrims, especially Sarah Miller.

... and for all these reasons, I have decided to scalp you and burn your village to the ground" - Wednesday Addams.

On that note... happy Thanksgiving.

99.98% horror

0.02% sun

Goodnight from London
*the next post will likely appear Friday, around 1.30pm EST.

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