sp'daily5
VIX'daily3
Summary
US equities opened very significantly higher, on late Thursday news that Gilead Science's Remdesivir might be useful for treating Corona. The SPX broke an early new cycle high of 2862, some choppy cooling to 2830, but a late ramp to print a new cycle high of 2879.
Meanwhile...
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| Ms. Yoon of CNBC with the latest data from CCP. |
The 'official' Q1 GDP print came in at deeply recessionary -6.8%. I emphasise 'official', as the real number is almost certainly at least -10%.
Volatility was itself subdued, the VIX melting lower into the weekend, settling -4.9% at 38.15.
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Goodnight from London
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