Wednesday 29 July 2020

Extraordinarily uncertain

US equity indexes closed broadly higher, sp +40pts (1.2%) at 3258. Nasdaq comp' +1.3%. Dow +0.6%. The Transports settled +2.2%.




US equities opened on a positive note, and built significant gains into the early afternoon.


The swearing CEOs of AMZN, FB, GOOGL, and AAPL

The FOMC was mostly a non-event, with Powell deeming the forward path for the economy as being 'extraordinarily uncertain, and noting he is not... 'thinking about, thinking about, thinking about raising rates'. The only thing of historical note...

More boxes than an Amazon warehouse

The afternoon saw the SPX push to 3264, and settling sig' higher at 3258.

Volatility was subdued, the VIX melting lower, settling -5.3% at 24.10.

The London skies remain notably absent of planes

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

Goodnight from London
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