US equities remain broadly weak, although holding the low of sp’3594. VIX has cooled back to the 21s, as sustainably sub 20 appears probable in December. The USD has seen a reversal, +0.1% in the DXY 91.91s, but that will still make for an ugly monthly decline of around -2.3%.
sp’60min
VIX’60min
Summary
Regardless of today’s close, with the Nasdaq comp’ having broken a new hist’ high, it has been just another day, week, and month for the bulls.
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notable stock: AMD
AMD is holding up very well, set for net gains.
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notable shipper: CCL
Carnival is just cooling with the main market. A break above the June high appears due by mid January.
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notable strength: MRNA
A new hist’ high for Moderna, as its applying for emergency usage of its mRNA based vaccine both within the US and EU.
Time to check on the cheerleaders…