Wednesday 27 May 2020

Trump verses Twitter

US equity indexes closed broadly higher, sp +44pts (1.5%) at 3036. Nasdaq comp' +0.8%. Dow +2.2%. The Transports settled +2.9%.




US equities opened significantly higher, but the gains were shaky from the start, with the market reversing lower, lead by the Nasdaq.

The SPX printed 2969, but then clawed upward... all the way into the closing hour, even managing to break a new cycle high. Volatility was mixed, the VIX printing 30.53, but settling -1.4% at 27.62.

Trump verses Twitter

Twitter has always been left leaning (Dorsey admits this himself), but the tensions have notably increased, as seen last evening...

Twitter has effectively labelled the above tweets as a lie, false... or whatever you want to call it.

Trump pushed back...

... and continued....

Big action huh, such as? Twitter itself is struggling, recent earnings were outright lousy. Q2/Q3 will be horrific, with companies/advertisers having massively cut back on spending. In any case, the Trump verses Twitter war will surely spiral into/across the summer, not least with an election ahead.

A fine day in the capital of semi-mass hysteria

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

Goodnight from London
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