Friday 6 December 2019

Ending the week strong

US equity indexes ended the week on a strong note, sp +28pts (0.9%) at 3145. Nasdaq comp' +1.0%. Dow +1.2%.  The Transports settled +1.3%.




The day began just before the 8.30am jobs report, with a literal market update from the US President, to which the Schiff replied...

With the jobs report better than expected, equities built pre-market gains, and opened broadly higher.

Trump added...

The afternoon saw a high of 3150, a mere 4pts shy of recent historic highs.

Trump posted yet again just before the close...

... this is also the same guy, who says he doesn't watch the stockmarket.
Link to tweet/video:

In any case, the jobs data was fine (even accounting for the returning GM workers), as the US economy is a remaining beacon of light amongst the developed nations.

Volatility was ground lower, with the VIX settling -6.2% at 13.62.

Today's political mail...

 ... yet again, from the Liberal Democrats, who are campaigning very hard in a seat which they might win from Johnson/Conservatives. I would agree with their sub title of 'Boris Johnson is not fit... ', but then, none of the other candidates are people I'd trust to even correctly put out the garbage.

Winter in the capital of geo-political chaos

Next full moon Dec'12th - UK election day
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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