The Closing Bell- Volatility Scores Its First Win In 6 Days

The key components of the risk basket and the energy basket closed with some rather mixed conclusions.

$DXY -0.14%%

$VIX +4.32%%

$SPX -0.42%%

$NDAQ -0.45%

$DOW -0.30%

EURUSD +$0.10

WTI -2.36%

BRENT -2.50%

 

These daily closes would usually signify that a risk off sentiment is in play, however the slight recovery on the volatility index ($VIX) negates this

Key Close

How the US dollar closes on Friday will be crucial to deciphering if we are in a risk on environment.

A close below Monday’s open would support a risk on sentiment, however a bullish weekly close could switch investor sentiment to aversion. The recovery in volatility would support this narrative.