US equities are a mess. Whilst the bears can’t achieve anything significant, neither are the bulls able to manage (at least yet) a sustained rally. VIX remains subdued in the 14.s
sp’60min
VIX’60min
Summary
Its a real mess, with the first reaction to the downside… a rather typical fake-out to the bears.
*I’m content to sit it out until early Thurs’.
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notable stock: FDX
FedEx has earnings in AH
The concern about be higher costs, not least wages and fuel.
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notable stock: TSLA
Reflective of some confidence in the s/t speculative buyers.
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Back in THIS post at 3.30pm
A new intraday low, but price action is mostly just weak leaning chop.
There is no real downside power.
Back at the close.