Monday 31 August 2020

Two thirds

US equity indexes closed rather mixed, sp -8pts (0.2%) at 3499. Nasdaq comp' +0.7%. Dow -0.8%. The Transports settled -1.2%.




The last day of August was comprised of just minor chop. The Dow was a laggard, whilst the Nasdaq continues to lead. The SPX and Nasdaq comp' both broke new historic highs. VIX notably picked up.

Two thirds

With August having settled... two thirds of 2020 has elapsed. For most... that could be seen as a positive. After all, 2021 will be better, right? Next year couldn't possibly be worse... right? The truth is that 2021 could make 2020 seem like one giant Disneyland party.

The same basement dwelling unwashed sheep chasing AAPL and TSLA on the stock splits, are perhaps the same collective who will be first in line for their (no longitudinal studies) vaccines. Good luck with that.

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

Goodnight from London
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