Time to wake up, September is finally over, and what a month it has been. Indices still ended the month higher, but off the highs we saw after the FOMC statement. We are now less than 10 Hours away from a possible Gov Shutdown, and markets don’t seem to care, and are shrugging it off. President/Dictator Obama will be giving a live broadcast at 4:45PM EST, link here. S&P Futures (ES) ended the day down -8.65 handles at 1677.75 with 2.14MM minis traded. Overall the action was wild/ridiculous, beginning immediately after the cash open, where ES made session lows, and then climbed violently off the lows. Session low came in at 1666.75 and session high at 1681 even.
VIX ends the month slightly higher. Another up day for the VIX, up 7.37% at 16.60, following the 9.96% day on Friday. VIX Futures also made highs, but just like cash VIX, they ended of the highs. Volume was good. Europe’s VIX also climbed higher today, up 14.96% at 19.45.
ES at Cash Close
VIX TERM STRUCTURE (vixcentral.com)
USDJPY 98.2500 EURUSD 1.3522