Lower on the CPI

US equity indexes mostly closed significantly lower, SPX -85pts (1.1%) at 7718. Nasdaq comp' -1.9%. Dow -0.1%. The Transports settled +0.1%. R2K -2.1%

SPX – daily

VIX – daily

Summary

The day began with the latest inflation data...
Headline y/y: 3.7% vs 3.4% prior 
Core y/y: 2.6% vs 2.4% prior 

Equities opened a little weak, and whilst there was a bounce attempt, the sellers appeared, with the market sliding into the afternoon to 7693, and settling at 7718. 

Volatility spiked, the VIX settling +10.5% to 16.87. 
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Chop ahead of CPI

US equity indexes mostly closed a little weak, SPX -1.8pts (0.02%) at 7805. Nasdaq comp' -0.15%. Dow -0.1%. The Transports settled +0.3%. R2K -0.4%

SPX – daily

VIX – daily

Summary

It was another day of pretty subdued price action, with the SPX settling almost precisely flat. 

Volatility remained subdued, the VIX settling +0.4% at 15.27 
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Bullish red

 

18c/64f... is pretty good for mid October

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Subdued Columbus day

US equity indexes mostly closed a little weak, SPX -4pts (0.1%) at 7807. Nasdaq comp' -0.4%. Dow +0.4%. The Transports settled -0.2%. R2K -0.4% 

SPX – daily

VIX – daily

Summary

It was a very subdued day in equity land. 
It was Thanksgiving for the Canadians, and Columbus Day in the USA, with the latter having its bond market closed. 

The SPX opened broadly flat, and settling fractionally negative.

Volatility was subdued, the VIX settling +2.5% to 15.21.
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