US equity indexes mostly closed on a positive note, SPX +8pts (0.2%) at 5477. Nasdaq comp’ +0.5%. Dow +0.04%. The Transports settled +1.5%. R2K -0.2%
sp’60min
Summary
closing hour action: further micro chop, if seeing a micro burst upward to break a new intraday high. S/t momentum settled marginally positive.
*awaiting earnings from $MU $BB $LEVI $CNXC $AVAV $FUL $JEF $MLKN $CULP $FC
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… and that concludes a Wednesday. Yet another day of considerable chop, and there is little reason to expect anything other until Q2 earnings that begin July 12th.
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notable bond yield proxy: TNX
Yields were very significantly higher… on the lousy housing data.
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notable bond ETF: TLT
Higher yields > lower bonds.
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notable banking ETF: KRE
Moderate chop, if leaning upward, which is somewhat impressive relative to yields.
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With a little cirrus, it was a very golden sunset.
Have a good evening
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more later on the VIX and Indexes by 6pm EDT