Monday 3 August 2020

August starts positive

US equity indexes began August broadly higher, sp +23pts (0.7%) at 3294. Nasdaq comp' +1.5%. Dow +0.9%. The Transports settled +0.2%.





US equities began August on a positive note, helped by other world markets. The SPX broke a new multi-month high, with the Nasdaq comp' breaking a new hist' high.

The US President not surprisingly commented...

The afternoon saw the SPX break a new cycle high of 3302, with a minor cooling wave in the closing hour. Volatility was subdued, the VIX settling -0.7% at 24.28.



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

Goodnight from London

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