The cash S&P 500 closed in the red, but seriously tried to end the day into the green.
Moreover, after-hours, S&P 500 e-mini futures (ES) managed to push up to the overnight highs and tried to hold green but failed.
In addition, NYSE volume plunged to its lowest non-holiday trading day volume in over a decade.
Additional unpleasant news for binary traders came from credit underperformance. Once again, it surged up to Friday’s closing VWAP in HYG.
All in all, TSYs unch (though was -3-4bps intra), USD -0.18% (EUR +0.38%), Gold/Silver -1.2%, WTI unch (after a plungefest earlier that recovered about half its loss), Copper -0.7%. VIX clattered down to a 13 handle into the close – the lowest close in over 5 years.
The positive were from Tech and Financials, which were the only sectors green, as Materials and Energy underperformed. Equities and broad risk-assets remained relatively in sync and correlated but by the close.
