US equity indexes closed a little higher, SPX +12pts (0.3%) at 4140. Nasdaq comp’ +0.4%. Dow +0.2%. The Transports settled +0.5%. R2K +0.8%.
sp’60min
Summary
closing hour action: micro chop, if leaning upward. S/t momentum settled on the high side, but I can see another 1-2 days of upside.
*awaiting earnings from NVDA, CRM, VSCO
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… and that concludes Wednesday. It was another tedious day. Whilst tomorrow is a Thursday – which will inherently favour the bears, I’m inclined to see upside ahead of Powell.
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notable bond yield proxy: TNX
The US 10yr 3.10%. I don’t expect an August settlement >3.25%… but Sept’ looks due… and then onward to the 4s in October.
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notable bond ETF: TLT
Lower bonds as yields climbed.
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notable bank: BAC
Still lagging the main market.
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Another sunset closer to winter 2022/23. Even though my energy prices are fixed for another year, with enough reserves to last into early 2023… I’m increasingly unsettled about what is ahead.
Have a good evening
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more later on the VIX and Indexes by 6pm EST