Wednesday 24 June 2020

Renewed Corona concerns

US equity indexes closed very significantly lower, sp -80pts (2.6%) at 3050. Nasdaq comp' -2.2%. Dow -2.7%. The Transports settled -3.1%.




US equities opened broadly lower, and after an initial attempt to reverse upward, the market spiraled lower on renewed mainstream Corona concerns. The 12pm hour saw sp'3032, then a bounce into the closing hour to 3067, with a closing minutes dive to settle at 3050.

Head against the desk.

Even Cheerleader Cramer is getting tired of the increasingly stupid stock upgrades, this time from Heather Bellini of Goldman Sachs.

Volatility picked up, with the VIX spiking to the 37s, and settling +7.9% at 33.84. With just four trading days left of June, its now merely a case of whether we settle the month above or below 3K.

Next full moon is July 5th.
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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