Daily Snapshot

Daily Snapshot – 20 August 2024

There was barely more out today than yesterday to justify a Snapshot (executive decision taken) but with very little else to do with volumes collapsing into an August chasm I thought I’d use my time wisely. The low volume grind higher which has been ongoing with very little fanfare or excitement (and hardly any incoming) took a pause today as things ran out of steam a little with the Stoxx 600 ending the day -45bps. The S&P 500 would be up for the 9th day in a row if it were to close higher tod…

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