US equities begin the short week on a pretty bearish note, with the market having renewed trade/tariff concerns. VIX is already showing signs of maxing out from around the key 20 threshold.
sp’60min
VIX’60min
Summary
*SPX yellow gap fully filled.
Not a pretty open, but the market will be inclined to settle with a daily hollow red reversal candle (closing red, but above the opening print of 6865), which would suggest Wednesday will be positive (at least briefly!).
–
notable stock: NFLX
Netflix changes bid for Warner to all cash purchase.
Earnings due in AH should be fine.
–
notable weakness: MMM
Earninsg were broadly fine…
EPS $1.83 vs 1.80est. Rev’ y/y +3.3% to $6.0bn inline.
—
notable silver ETF: SLV, daily
As Gold $5K should equate to Silver $115/120
—
notable miner: PAAS
Powering upward with silver