Monday 20 July 2020

Positive start

US equity indexes mostly closed broadly higher, sp +27pts (0.8%) at 3251. Nasdaq comp' +2.5%. Dow +0.03%. The Transports settled -1.6%.




US equities began the week much as last Friday ended... chop mode.


The Quintanilla and the Liesman

The mainstream cheerleaders are naturally starting to get twitchy about the $600 per week of extra support, which is due to expire end month. Even if it does expire, its very possible another stimulus bill could be passed, if a somewhat lesser amount of 500/400.

The afternoon saw the market claw broadly upward, with the SPX breaking a new cycle high of 3258.

Volatility melted lower, the VIX settling -4.7% at 24.46.

Finally, your view...

One of the more bizarre polls I've run lately. The CEO of Print Central... a clear winner. 

 A fine summer's evening

Still... a rare sight

One of many hundreds... of local Parakeets

Another sunset closer to the autumn
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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