Thursday 27 February 2020

Nearing Broken Arrow

US equity indexes closed very powerfully lower, sp -137pts (4.4%) at 2978. Nasdaq comp' -4.6%. Dow -4.4%. The Transports settled -3.6%. Near term outlook offers further horror into early March.




US equities opened very significantly lower, and spiraled to sp'3007. The typical turn time of 11am saw a not surprising spike back upward.

Just another flying can of Corona... Boeing?

There was a recovery to 3097, but then powerful downside into the close, breaking a new cycle low. Volatility picked up, with the VIX settling +42.1% at 39.16.

Nearing broken arrow

With the capital markets increasingly upset, it can't be long until the Federal Reserve declare 'Broken Arrow'.

Whilst further rate cuts and QE can be expected, none of it will help cure Corona.

Ohh, and a few polls...

A collective 56.6% of you expect 'helicopter money' before year end.

$1000 to every US citizen wouldn't be that surprising.

Magnolias are poised

Another day closer to spring

Sunset 5.16pm GMT

Crescent moon and Venus

Full moon will be March 9th
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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