US equities have taken a moderate swing lower, due to ongoing concerns that nothing will be agreed on stimulus before the election. VIX has printed the 30s. The USD is picking up… and further pressuring most things… not least the metals.
sp’60min
VIX’60min
Summary
Note key price threshold of the 3415s. If taken out… then psy’3400 will be tested. Any close <3400 would be decisive, and offer a powerful washout, before renewed upside.
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notable bond ETF: TLT
Lower bonds, as yields are still leaning upward.
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notable financial: WFC
The train wreck took less than a minute to turn red.
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notable miner: TECK
Teck Resources getting hit, with copper cooling to $3.14, partly due to the USD.
Time for a light lunch…