US equities are choppy, if mostly leaning on the weaker side. Gold has cooled to $1982, not helped with an upside reversal in the USD
sp’60min
VIX’60min
Summary
*market was rather annoyed by ‘overly good’ PMI data.
Well, its OPEX, and we have to expect considerable chop… if leaning on the weaker side.
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notable stock: TSLA
Its a very weak dead cat bounce… and will likely settle red.
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notable energy: SLB
Earnings were… fine. Momentum due to turn negative next Monday. Legacy red gap appears an eventuality.
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notable REIT: VNO
The horror continues, for anything related to CRE.
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notable miner: FCX
Earnings were fine. Momentum due to turn negative. The two problems will be copper and the main market… all the way into the autumn,
Time for lunch…