Monday 6 July 2020

Positive start

US equity indexes closed very significantly higher, sp +49pts (1.6%) at 3179. Nasdaq comp' +2.2%. Dow +1.8%. The Transports settled +1.6%.




US equities opened on a positive note, helped by both European, and especially Asian markets. The cooler dollar certainly also gave most asset classes an extra kick higher.

The President (not surprisingly) chimed in...

Indeed, a new historic high for the Nasdaq comp', helped by the US/global equity leader of Microsoft (MSFT).

The late morning and afternoon saw considerable chop, but leaning upward into the close.

Volatility was itself subdued, the VIX settling +0.9% at 27.94.

Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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