US equity indexes closed rather mixed, SPX -16pts (0.3%) at 5447. Nasdaq comp’ -1.1%. Dow +0.7%. The Transports settled +0.8%. R2K +0.4%
sp’60min
Summary
closing hour action: micro chop, leaning weak in the final minutes, to break a new intraday low. S/t momentum settled on the moderately low side.
Awaiting minor earnings from $EPAC $XAIR
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… and that concludes a Monday. A day of rather tedious chop, and that could easily be the case for much of this week, and more so… July 4th week. We do have a fair number of political events though… starting this Thursday evening.
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notable bond yield proxy: TNX
Yields a little weak, but its broad chop.
I’ll be surprised if <4.00%
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notable bond ETF: TLT
Lower yields > higher bonds.
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notable banking ETF: KRE
Regional banks higher for the fourth day of five.
Broadly though… its all chop.
I have to expect eventual problems, but maybe this drags out into 2025?
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It was a good idea to venture out… if briefly. Have a good evening
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more later on the VIX and Indexes by 6pm EDT