VIX, USDX & Yields
It will be important to watch those fixing times for the remainder of the year. Christmas Eve, Christmas, New Years Eve and New Years all fall on weekdays this year so that leaves only four proper business days in the year, including today. Importantly, Monday, Dec 28 is the final day of the year for tax loss selling so we could see extra flows and volatility around that date.
Stock and bond markets in most markets will close early on Thursday for the Christmas holidays.
Mixed in with that will be ongoing Brexit talks. The more-transmissible strain of covid also bears watching with the UK reporting a record number of new cases on Tuesday.
Economic data also continues to surprise. US consumer confidence from the Conference Board was at 88.6 in December, which badly missed the 97.0 consensus. The market largely shrugged it off because US stimulus (which passed Tuesday) will give a jolt to consumer spending.
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