sp'daily5
VIX'daily3
Summary
Equities opened on a positive note, and battled until in the 12pm hour. Details of a Gilead Sciences (GILD) study on Remdesivir saw a significant swing lower.
The afternoon saw considerable chop, leaning on the weaker side, with the SPX settling fractionally negative.
Volatility was itself a little choppy, settling -1.4% at 41.38. The s/t cyclical setup favours the bears, and it could be expected, we should see some degree of 'rats selling into the weekend', as the lockdown continues.
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| Another sunset closer to summer |
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Goodnight from London
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