Tuesday, 7 April 2020

Turnaround Tuesday

US equity indexes mostly closed on a weak note, and far below the early morning highs, sp -4pts (0.2%) at 2659. Nasdaq comp' -0.3%. Dow -0.1%. The Transports settled +0.3%.




US equities opened powerfully higher, with an early high of sp'2756. From there... considerable chop. The afternoon saw increasing weakness, as s/t momentum continued to weaken, with most indexes settling net lower. They don't call it 'turnaround Tuesday' for nothing.

Volatility was mixed, printing an early low of 43.51, but settling +3.2% at 46.70. S/t outlook favours the equity bears ahead of the Easter break.

A very murky sunset

A rare sight these days.

Maximum moon!
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Goodnight from London
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