US equity indexes ended rather mixed into the long weekend, sp +6pts (0.2%) at 3380. Nasdaq comp' +0.2%. Dow -0.1%. The Transports settled -1.2%.
sp'daily5
VIX'daily3
Summary
Chop... chop... chop. Whilst the SPX settled a little higher, the Transports was significantly lower, clearly due to Corona concerns. Volatility remained broadly subdued, settling in the low teens.
Meanwhile...
The 'official' case total continues to increase by around 4K per day. A fair number do appear to accept the correct number might require adding a zero to most of the data as supplied by the communists.
--
There is nothing in the UK, and no man needs nothing
Goodnight from London
--
If you value my work, subscribe to my intraday service.
For
details and the latest offers, see: Permabeardoomster.com
US equity indexes closed a little weak, sp -5pts (0.2%) at 3373. Nasdaq comp' -0.1%. Dow -0.4%. The Transports settled -0.1%. Near term outlook favours some cooling into the long weekend.
sp'daily5
VIX'daily3
Summary
US equities opened moderately lower, as the mainstream were spooked by a very large jump in Corona case numbers of 45k > 60k. The dip buyers appeared though, with the SPX breaking a new historic high of 3385 in mid afternoon. The closing hour saw a touch of cooling.
US equity indexes closed broadly higher, sp +21pts (0.6%) at 3379. Nasdaq comp' +0.9%. Dow +0.9%. The Transports settled +0.9%.
sp'daily5
VIX'daily3
Summary
US equities opened moderately higher, with the SPX breaking a fractional new historic high of 3377.
Powell appeared before the US Senate to spout more lies and deceptions...
If you think I'm unfair, I refer you to the Fed's balance sheet (see yesterday's post), with a roughly $400bn increase since last summer, but an increase which Powell deems as 'not-QE'.
The late afternoon saw a micro burst higher, to break yet another new historic high of 3381. The VIX was ground lower, settling -9.5% at 13.74.
Meanwhile...
Another flying can of Corona
London has seen its first official case of the Corona virus, taking the UK total to nine. Not surprisingly, the case was from someone flying in from China. For now, yours truly is not concerned.. unless the UK cases total >500.
Whilst the western numbers can be accepted, the China data is to be seen as intentional under-estimates. Its become clear even a positive test to Corona in China will no longer be counted, if the person is deemed as 'asymptomatic'. Communists.... being.... communists.
--
Finally...
My day would be significantly improved if I had a baby Panda. Could one be trained to do my accounts, or use a Bloomberg terminal?
--
