April settles

US equity indexes closed broadly weak, sp -27pts (0.9%) at 2912. Nasdaq comp' -0.3%. Dow -1.2%. The Transports settled -2.9%.

sp'daily5

VIX'daily3

Summary

US equities opened on a weak note, and leaned weak into the afternoon, with the SPX printing 2892.

Meanwhile...

The Cramer touted... "Its embarrassing, its ridiculous, its necessary". On a positive note, the Cramer is at least right about the first two. Further, he was one of the first in late Jan/early Feb' who did recognise the looming Corona problems... even noting his canned goods stockpile.

The late afternoon saw a moderate recovery, as the sp'3000s remain viable, before another swing lower. Volatility picked up, the VIX settling +9.3% to 34.15.
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April ends with sunshine and showers

Full moon will be May 7th

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Goodnight from London
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Fed day gains

US equity indexes closed powerfully higher, sp +76pts (2.7%) at 2939. Nasdaq comp' +3.6%. Dow +2.2%. The Transports settled +2.6%.

sp'daily5

VIX'daily3

Summary

The day began on a curiously 'convenient' note. Q1 GDP data was due at 8.30am, but instead... news appeared about Gilead Sciences (GILD).

Incredibly, Liesman of CNBC argued the GDP news wasn't important relative to the Remdesiriv. Around 8.38am, the first print of Q1 GDP appeared... and it was a real ugly -4.8%. As things are, Q2 is likely to come in around -30% or so. So... it will officially be a recession... if not arguably depression.

US equities opened very significantly higher, and built powerful gains into the early afternoon.

Interesting note...

Kostin is seeking the 2400s, which is only a few percent yours truly.. who has minimum downside of the mid 2300s. For now.. a latter year recovery looks a stretch.. even if more stimulus bills are passed.
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The Fed was a broadly non-event, with the market settling powerfully higher.

Volatility melted lower, the VIX settling -7.0% to 31.23.   
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Goodnight from London
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Leaning weak ahead of the fed

US equity indexes mostly closed weak, sp -15pts (0.5%) at 2863. Nasdaq comp' -1.4%. Dow -0.1%. The Transports settled +1.1%.

sp'daily5

VIX'daily3

Summary

The US equity market opened at 9.30am EST, and closed at 4.00pm EST.
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*I believe the above comment doesn't contravene any of the policies from Google/Alphabet (GOOGL), in relation to recommendations from the World Health Organisation (WHO), aka the medical/public relations arm of the Chinese Communist Party (CCP).

--
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk

Goodnight from London
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