US equity indexes are a little mixed, with strength in the Dow (helped via Boeing), and a little weakness in the Nasdaq (partly the stay at home stocks selling off). VIX continues to churn the 22/21s.
sp’60min
VIX’60min
Summary
Suffice to add… the chop continues, and it could simply remain that way into Friday-OPEX.
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notable bond ETF: TLT
Yields cooling back some more. There is a Fed meeting Dec’15/16, and I guess its still possible we’ll see something extra like ‘yield curve controls’.
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notable stock: BAC
Note the June high of $28.81. If that can be cleared… then it bodes strongly into early 2021. JPM has already managed this.
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notable weakness: NIO
Yesterday’s black candle played out. Earnings were ‘reasonable’, but I’d certainly lean to GM, F, or even TSLA.
Time for lunch…