Friday, 15 May 2020

Naturally choppy

US equity indexes closed rather mixed, sp +11pts (0.4%) at 2863. Nasdaq comp' +0.8%. Dow +0.2%. The Transports settled -1.3%. Near term outlook offers another swing lower.

sp'daily5



VIX'daily3



Summary

US equities opened broadly lower, largely spooked by rising US/China trade tensions.

An unofficial mouthpiece of the CCP

The afternoon saw considerable chop, and leaning upward into the weekend.
Volatility was itself choppy, the VIX settling -2.2% to 31.89.
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A fine end to the week
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Goodnight from London
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