Monday 11 May 2020

Opening chop

US equity indexes closed rather mixed, spx +0.5pts (0.02%) at 2930. Nasdaq comp' +0.8%. Dow -0.4%. The Transports settled -1.2%.




US equities began the week on a weak note, pressured by most other world markets. The mainstream chatter is naturally focused on the US/global economy, currently in the very early phase of restarting...

Q. How long until all those boxes turn to teal? A few weeks... or late summer/early autumn?

Meanwhile, Ms. Yoon of CNBC was having a mask-on day...

Whilst Disney's Shanghai park has reopened, capacity has been limited to just 30%, which is certainly not a level that is financially profitable.

The afternoon saw upside to sp'2944... just 10pts shy of the recent multi-week high, with some cooling into the close. Volatility printed 31.46 in early morning, the VIX cooled back, settling -1.5% to 27.57.

Sunset in the city... a distinctly busier one

Early Monday morning moon
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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