Friday, 5 June 2026

An ugly Friday

US equity indexes mostly closed rather powerfully lower, SPX -200pts (2.6%) at 7383. Nasdaq comp' -4.2%. Dow -1.3%. The Transports settled +0.6%. R2K -3.5% 

SPX – daily


VIX – daily

Summary

US equities opened broadly lower on the jobs data... net monthly change: 172k vs 179k (revised from 115k)... which was better than the 80K expected. A case of 'good news is bad news'.

There were a few bounce attempts, but the market slid across the day, settling rather powerfully lower at 7383.

Volatility spiked, the VIX printing settling +39.7% to 21.51. 
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Thursday, 4 June 2026

Upside reversal

US equity indexes mostly closed on a positive note, SPX +30pts (0.4%) at 7584. Nasdaq comp' -0.1%. Dow +1.7%. The Transports settled +1.4%. R2K +1.5%

SPX – daily

VIX – daily

Summary

US equities opened a little weak, but all the bears could manage was 7516, with a recovery to 7598, and settling at 7584. Volatility was a little mixed, the VIX printing an opening high of 16.44, but cooling back to settle -4.1% to 15.40. 

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Wednesday, 3 June 2026

Weak Wednesday

US equity indexes mostly closed on a weak note, SPX -56pts (0.7%) at 7553. Nasdaq comp' -0.9%. Dow -1.2%. The Transports settled +0.05%. R2K -1.3%

SPX – daily


VIX – daily

Summary

US equities opened on a weak note, the SPX cooling to 7551. The afternoon saw a bounce to 7576, if ending on a broadly weak note, settling at 7553. Volatility picked up, the VIX printing 16.63, if cooling back to settle +1.8% to 16.06. 


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