Monday 16 December 2019

Starting positive

US equity indexes closed moderately higher, sp +22pts (0.7%) at 3191. Nasdaq comp' +0.9%.  Dow +0.3%. The Transports settled +0.8%.




US equities opened moderately higher, with a quartet of new historic highs in the SPX, Dow, Nasdaq comp', and NYSE comp'.

Not surprisingly...

I don't say this lightly, but I'm pretty sure the US President has ZERO idea that the Fed printers were spun up in August. Regardless, it was just another day for the equity bulls.

The afternoon saw micro chop, and leaned a little weak, as the market is s/t cyclically over-stretched.

Volatility was ground lower, with the VIX settling -3.9% at 12.14.

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

Goodnight from London
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