Tuesday 28 January 2020

The flame of equities

US equity indexes closed significantly higher, sp +32pts (1.0%) at 3276. Nasdaq comp' +1.4%. Dow +0.6%. The Transports settled +0.6%.




US equities opened moderately higher, and built significant gains into the afternoon.

Trump had the time in mid morning...

Again, we have the US President calling for lower rates, all that is missing is a request for renewed QE... which of course, we already have.

Ms Yoon of CNBC made another appearance...

So, which is it? Did Eunice run out of masks, consider the threat less problematic than yesterday, or was told to 'lose the mask' by corporate HQ or the local communists?

Volatility was in cooling mode, with the VIX settling -10.7% at 16.28. S/t outlook offers another equity swing lower - once the fed are out of the way, to break under the Monday low of 3234.


Things aren't improving, as the (official) Corona virus numbers are growing by around 50% per day.

LIVE map: https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

For now, the general populace in the western world don't much care. If the current rate of increase holds into the end of next week... they will.


A haunting trailer from Netflix. yours, bullish Lynch... until the end

The skies clearing after seven days of grey horror

Crescent moon and Venus

Next full moon is Feb'9th
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk

Goodnight from London
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