Lower on a rate hike

US equity indexes closed on a weak note, SPX -33pts (0.4%) at 7552. Nasdaq comp' -0.01%. Dow -1.2%. The Transports settled -2.8%. R2K -0.4%

SPX – daily

VIX – daily

Summary

US equities opened positive, printing a high of 7626. As expected, the Fed raised rates by +25bps to 3.75-4.00%, with the SPX washing out to 7507, and settling at 7552. 

Volatility picked up, printing 18.94, and settling +3.0% to 17.71

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It will be Fall... next Wednesday

 

Bullish golden sunshine

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Negative into the rate hike

US equity indexes closed on a weak note, SPX -34pts (0.4%) at 7585. Nasdaq comp' -0.8%. Dow -0.6%. The Transports settled -0.4%. R2K -1.1%

SPX – daily

VIX – daily

Summary

US equities opened on a weak note, with the SPX breaking a new s/t low of 7572, and settling moderately lower at 7585. 

Volatility a little higher, the VIX printing 17.84, and settling +0.6% to 17.20. 
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Seven days remain of summer 2026

 

Building in the hellscape

 

Another day

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Monday upside reversal

US equity indexes mostly closed on a weak note, SPX -37pts (0.5%) at 7619. Nasdaq comp' -0.6%. Dow -0.3%. The Transports settled +0.5%. R2K -0.3%

SPX – daily

VIX – daily

Summary

US equities opened weak, but all the bears could manage was 7592, an effective fill of last Friday's opening gap. From there... a choppy bounce to settle moderately lower at 7619.

Volatility was mixed, the VIX printing an opening high of 17.72, but cooling back to settle +7.9% to 17.10.
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Bullish construction

 

WTIC >$100 isn't helping the airlines

The golden hellscape

... another day closer to the fall

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