Tuesday 21 January 2020

A little weakness

US equity indexes closed on a weak note, sp -8pts (0.3%) at 3320. Nasdaq comp' -0.2%. Dow -0.5%. The Transports settled -1.8%.




US equities opened on a moderately weak note, on concerns of the Coronavirus in China. For now, there is little to reason to expect this will develop into anything of significance.

Trump was in Switzerland, at the annual Davos meeting...

.. and he couldn't resist but take a swipe at the fed. Its still kinda amusing, as yours truly is no fan of print central.

The early afternoon saw the SPX come fractionally close to last Friday's historic high, but then taking a moderate swing lower, partly pressured via Boeing. Volatility remained very subdued, with the VIX settling +6.2% at 12.85. 

Barren winter

The day is discernibly getting longer
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk

Goodnight from London
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