Friday 31 July 2020

July settles

 US equity indexes ended the month on a broadly positive note, sp +25pts (0.8%) at 3271. Nasdaq comp' +1.5%. Dow +0.4%. The Transports settled +0.9%.

sp'daily5



VIX'daily3



Summary

US equities opened on a broadly positive note, but there was an opening reversal, with the SPX seeing a significant swing from 3270 to 3220. From there, a latter day recovery, settling broadly higher at 3271.

Volatility remained relatively subdued, the VIX settling -1.2% at 24.46.

July settles


The SPX climbed for a fourth consecutive month, settling +170pts (5.5%) to 3271. Monthly momentum settled net positive for the first time since February, with the spx far above the 10MA of 3050.
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Summer 2020 won't last forever

July settles

Full moon... August 3rd
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Goodnight from London
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