US equities are set for further chop into the close. VIX remains due to settle in the 14s.
sp’60min
VIX’60min
Summary
You could argue its a turn day, and whilst the daily SPX cycle isn’t offering one yet, the VIX is.
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notable stock: DIS
Walt Disney has earnings in AH, which should be ‘mixed’ at best. I just wonder how much they’ll try to have the media/market focus on DisneyPlus. Recent sub’ data from Netflix was distinctly resilient. I’d imagine consumers would be even more reluctant to end service with the mouse.
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notable stock: AFRM
Affirm has earnings in AH.
I don’t like this one, and see no l/t future for it.
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notable stock: AMC
The Apes are hoping for good things, but I’d not expect much… certainly nothing sustained.
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notable miner: GOLD
Gold printed a new intra low of $1954. Ugly.
back at the close…