Wednesday 4 December 2019

Midweek bounce

US equity indexes closed moderately higher, sp +19pts (0.6%) at 3112. Nasdaq comp' +0.5%. Dow +0.5%. The Transports settled +0.7%.




US equities opened moderately higher, on an especially spurious Bloomberg report on 'trade deal optimism'. After the initial gains, the market slipped into minor chop mode, which continued into late afternoon.

Volatility was naturally ground lower, with the VIX settling -7.3% at 14.80.

Meanwhile, the Gundlach is doing the media rounds into year end...

Whether you like the guy or not, I'd argue it merits watching, if only to dismiss it.


Today's political mail...

... two pieces today, both from the Liberal democrats, who are directly calling for tactical voting. Note they are part of the 'people's vote' and various 'remain' campaign groups.

If Johnson/Conservatives fail to achieve a clear majority, a Labour/Lib' dem' coalition would tag a popular vote onto a BREXIT bill, and its clear what the outcome of that would be.
*the UK election will be Dec'12th.

Flying into the sunset

Twilight in the capital of geo-politcal chaos

Full moon will be election day - Dec'12th
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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