sp'daily5
VIX'daily3
Summary
US equities opened on a broadly positive note, but there was an opening reversal, with the SPX seeing a significant swing from 3270 to 3220. From there, a latter day recovery, settling broadly higher at 3271.
Volatility remained relatively subdued, the VIX settling -1.2% at 24.46.
July settles
The SPX climbed for a fourth consecutive month, settling +170pts (5.5%) to 3271. Monthly momentum settled net positive for the first time since February, with the spx far above the 10MA of 3050.
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| Summer 2020 won't last forever |
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| July settles |
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| Full moon... August 3rd |
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Goodnight from London
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