Friday 19 June 2020

Quadruple Witching chop

 US equity indexes closed rather mixed, sp -17pts (0.6%) at 3097. Nasdaq comp' +0.03%. Dow -0.8%. The Transports settled -1.4%.

sp'daily5



VIX'daily3



Summary

US equities opened significantly higher, largely inspired by Asian and European markets. The Spx leaned weak from an early high of 3155, and spiral in early afternoon on some Corona related headlines to 3083. The late afternoon saw a recovery to 3115, but then swinging to 3097, for what was a rather typical choppy quadruple witching opex.

Volatility was choppy, the VIX settling +6.6% at 35.12.

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Goodnight from London
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