sp'daily5
VIX'daily3
Summary
US equities opened broadly weak, especially pressured via lousy econ-data, and European markets.
The following does make for a historically bad econ data point...
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| The Santelli of CNBC, highlighting a historically bad GDP print |
Print'1 for Q2 GDP came in at -32.9%, verses -5.0% for Q1. Revisions could easily be +/- 5%, perhaps even 10% difference. In any case... its the most horrific data print we've ever seen. Things can only improve from here.
The SPX swung from a morning low of 3204 to 3250 in the late afternoon, but with most indexes still settling on the weaker side.
Volatility was mixed, the VIX spiking to 28.29, but settling +2.7% at 24.76. The SPX candle was a red reversal, with a mirroring black VIX candle, and they lean s/t bullish equities, at least for part of Friday.
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| A fine summer's day |
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| Full moon is August 3rd |
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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