Naturally choppy OPEX

US equity indexes closed rather mixed, sp +9pts (0.3%) at 3224. Nasdaq comp' +0.3%. Dow -0.2%. The Transports settled +1.1%.

sp'daily5

VIX'daily3

Summary

US equities opened in chop mode, and remained that way across the day, for what was a perfect example of a choppy OPEX.

Volatility was ground lower into the weekend, the VIX settling -8.3% at 25.68.

Meanwhile, this morning's mail...

It seems every London resident is being sent fliers to offer advice on money.. or rather, the lack of. As even the flyer notes, 1.9M (of 9.0M) London residents were already 'struggling' prior to the China virus. Now, its likely at least double that.

For the record, yours truly is debt free, which these days, might even be considered financial terrorism... in the twilight zone.

Finally, your views...

Its a clear split between those who believe a vaccine is coming... and those who don't.

Almost two thirds of you don't have faith that Moderna will be have vaccine.
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Summer returns to the London metropolis

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

Goodnight from London
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Weakness ahead of OPEX

US equity indexes mostly closed on a weak note, sp -10pts (0.3%) at 3215. Nasdaq comp' -0.7%. Dow -0.5%. The Transports settled +0.5%.

sp'daily5

VIX'daily3

Summary

US equities opened broadly weak, but sp'3198 was all the bears could manage, before the market slipped into moderate chop mode.

Meanwhile...

The latest jobs data showed another improvement, 1.300M vs 1.310 prior. The problems will begin in August though, with the CARES $600 unemployment support set to expire. Right now, an extension appears unlikely.

The afternoon saw considerable chop, with a closing hour mini ramp to 3220, and settling at 3215.

Volatility picked up... if only to 29.29, the VIX settling +0.9% at 28.00. Friday OPEX will lean to broad chop.
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The best of the USA, of humanity.

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

Goodnight from London
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If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: Permabeardoomster.com

Midweek swings

US equity indexes closed broadly higher, sp +29pts (0.9%) at 3226. Nasdaq comp' +0.6%. Dow +0.9%. The Transports settled +2.9%.

sp'daily5

VIX'daily3

Summary

US equities opened on a significantly positive note, inspired by the late Tuesday headline on the Moderna vaccine candidate. The SPX saw a morning high of 3238, but cooled to psy'3200.

Meanwhile...

Even though he is a distant memory to many, ex fed chair - the Ben Bernanke, is touting more bailouts, this time for the individual states. Who will effectively fund this? Ohh yeah... Print Central!

The afternoon saw considerable chop, with a closing hour cooling wave to 3210, but then spiking upward to settle at 3226.

UK Govt' TV advert

Here in the UK, the latest propo' from the government is touting a new start, with 'Lets get going'. Ohh right, masks in all shops, that is progress, right? What about the collapsed tourism and travel industry, the bars, or the restaurants? What about those? What are they supposed to do for the rest of the year?

Volatility was itself subdued, the VIX settling -6.0% to 27.76.

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

Goodnight from London
--
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: Permabeardoomster.com