Friday 10 July 2020

Leaning upward into the weekend

US equity indexes closed broadly higher, sp +32pts (1.0%) at 3185. Nasdaq comp' +0.7%. Dow +1.4%. The Transports settled +1.9%.

sp'daily5



VIX'daily3



Summary

US equities opened in minor chop mode, the SPX seeing an early low of 3136, but then leaning upward all the way into the very late afternoon to 3186, and settling significantly higher at 3185.

Volatility saw an early high of 30.91, but then melted lower, settling -6.7% at 27.29.
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The first sun since Monday
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Goodnight from London
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