S&P7,651.5−0.25%

Nasdaq30,408.5+0.23%Stoxx6,269−0.81%FTSE10,606−0.29%Nikkei68,882.2+3.19%1 OctHang Seng24,613.3+0.37%10Y5.29%+3 bpVIX16.34+1.87%S&P7,651.5−0.25%Nasdaq30,408.5+0.23%Stoxx6,269−0.81%FTSE10,606−0.29%Nikkei68,882.2+3.19%1 OctHang Seng24,613.3+0.37%10Y5.29%+3 bpVIX16.34+1.87%S&P7,651.5−0.25%

1 October · London & New York

Coupon

Listed duration paid the 5.00 percent coupon, and the life book is the other side.

Friday 18 September utilities lost 2.78 percent over five days and Real Estate lost 2.21 percent, so listed duration paid the same 5.00 percent coupon.

Bound ledgers stacked in an open steel mesh file cage, hanging folders on the door, an aisle of cages and a folding chair under fluorescent tubes. — Bound ledgers sit in the open cage. A hanging file waits on the mesh door.

In this edition

A 14.81 close on 28 percent advancing is quiet, not a close above 18.Friday 18 September the VIX closed 14.81, down 4.08 percent, and the S&P 500 closed 7,650.5 with 28 percent advancing, so that close tagged a thin green average.

Steel mesh cages and padlocks along a concrete vault aisle under fluorescent tubes.

A padlock hangs on the near cage. The aisle runs to a steel door.Friday sealed silver at 67.15 and gold at 4,420.4.Gold is a different clock, and a paste price is not the First Solar hall.

Grey metal plates stacked on wooden pallets in a warehouse, a yellow forklift in the dust.

Grey plates stand on wooden pallets. A yellow forklift sits in the dust.Europe closed red and New York did not, so that is not one index.Friday 18 September Euro Stoxx closed 6,236.2, down 1.37 percent, and the FTSE closed 10,659.1, down 1.45 percent, while the S&P 500 closed 7,650.5, up 0.17 percent, so three boards are not one index.

Four harbor cranes beyond a windowsill, clipboard and binoculars in the light.

Four cranes stand beyond the sill. A clipboard waits in the light.

The Long Read