Negative response to Warsh

US equity indexes closed significantly lower, SPX -91pts (1.2%) at 7420. Nasdaq comp' -1.3%. Dow -1.0%. The Transports settled -3.0%. R2K -0.8% 

SPX – daily

VIX – daily

Summary

US equities saw a broad holding pattern ahead of the Fed. Rates were naturally left changed, with Warsh appearing at 2pm. 

 

The new CEO of Print Central

The SPX spiraled to 7402, and settling sig' lower at 7420. 

Volatility spiked, the VIX settling +12.4% to 18.44.
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The Crescent moon and Venus. It is a sign

 

 

Another day in the hellscape

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Pre-Warsh cooling

US equity indexes mostly closed on a weak note, SPX -42pts (0.6%) at 7511. Nasdaq comp' -1.1%. Dow +0.6%. The Transports settled -0.7%. R2K -0.9%

SPX – daily

VIX – daily

Summary

US equities saw moderate cooling ahead of Wednesday's FOMC, the first under the leadership of El Presidente's new monetary lackey...Warsh.

Volatility remained suppressed, the VIX printing a low of 15.77, but settling +1.3% to 16.41. 
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Hope of an MOU

 US equity indexes mostly closed significantly higher, SPX +122pts (1.6%) at 7554. Nasdaq comp' +3.1%. Dow +0.9%. The Transports settled -1.1%. R2K +0.8%

SPX – daily

VIX – daily

Summary

Equities opened significantly higher, on the hope an MOU between the USA and Iran will be agreed within the near term. The SPX printed a high of 7577, and settling at 7554.

Volatility was crushed, the VIX settling -8.4% to 16.20.
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