US equity indexes closed rather mixed, SPX +4pts (0.1%) at 5577. Nasdaq comp’ +0.1%. Dow -0.1%. The Transports settled -1.1%. R2K -0.4%
sp’60min
Summary
closing hour action: micro chop, leaning a touch lower. S/t momentum settled on the moderately low side.
*awaiting earnings from $SGH $KRUS $SAR
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… and that concludes a Tuesday. With a new hist’ high (if marginal) of 5590, it was just another net bullish day. The s/t cyclical setup is somewhat mixed. I’d expect Wednesday to be choppy, and see CPI-Thursday favouring the bulls.
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notable bond yield proxy: TNX
Higher yields… if broadly choppy.
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notable bond ETF: TLT
Higher yields > lower bonds.
I’m still pondering on that Citi call for a Sept’ rate cut.
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notable banking ETF: KRE
Regional banks swinging upward from early weakness. Broadly though, it remains a year of chop.
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A day of grey rainy horror. Have a good evening
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more later on the VIX and Indexes by 6pm EDT