US equity indexes closed on a positive note, SPX +47pts (0.6%) at 7757. Nasdaq comp’ +1.3%. Dow +0.3%. The Transports settled +0.4%. R2K +1.1%
sp’60min
Summary
closing hour action: minor chop, leaning upward. S/t momentum settled on the moderately low side.
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… and that concludes the week. Net bullish end… to a net bullish week. Broadly bullish into Labor day… and that foldable iPhone. Then… a washout. In theory.
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notable bond yield proxy: TNX
An early low of 4.603, but rebounding to 4.672%
A test of 5.00% still looks realistic in Sept’… with a rate hike
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notable bond ETF: TLT
Long bonds… a little higher.
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notable crypto: Bitcoin
A little higher… broadly… horrible… some -48% below last year.
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Have a good evening
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More later on the VIX and Indexes, by 6pm EDT