Saturday 17 June 2017

Chop into the weekend

US equity indexes closed fractionally mixed, sp +0.7pts at 2433. The two leaders - Trans/R2K, settled +0.1% and -0.2% respectively. VIX settled -4.8% at 10.38. Near term outlook offers weakness to sp'2400/2390s, before renewed upside into early July for Q2 earnings. Broadly, the US market remains 'scary strong'.


sp'daily5



VIX'daily3



Summary

There is little to be said about today. Being quad-opex, it was a day of moderate chop, with all indexes settling close to flat.

Volatility remained subdued, but the VIX did notably manage to stay out of the 9s.

--
So many towers... so much flammable cladding

Goodnight from London
--

*the weekend post will appear Sat'12pm EST, and will detail the US weekly indexes