Wednesday 1 July 2020

The second half


US equity indexes closed somewhat mixed, sp +15pts (0.5%) at 3115. Nasdaq comp' +0.9%. Dow -0.3%. The Transports settled -0.2%.

sp'daily5



VIX'daily3



Summary

US equities began the second half of the year on a positive note, but soon entered micro chop mode, which continued into the late afternoon. The closing hour printed sp'3128, and settling moderately higher at 3115.

Volatility melted lower, the VIX settling -5.9% to 28.62. Once Thursday's econ-data is out of the way, the market will be inclined for minor chop into the long weekend.
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It was just another day... up above.
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Goodnight from London
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