US equity indexes mostly closed on a positive note, SPX +5pts (0.1%) at 6616. Nasdaq comp' +0.1%. Dow -0.2%. The Transports settled +1.3%. R2K +0.1%
SPX - daily
VIX - daily
Summary
US equities opened on a weak note. The SPX cooled to 6534, but saw a significant latter day recovery to settle fractionally higher at 6616.
Volatility picked up, the VIX printing a high of 28.00, but cooling to settle +6.66% to 25.78.
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| 14c/57f... is fine |
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US equity indexes closed a little higher, SPX +29pts (0.4%) at 6611. Nasdaq comp' +0.5%. Dow +0.3%. The Transports settled +1.1%. R2K +0.5%
SPX - daily
VIX - daily
Summary
US equities saw a day of considerable chop... if mostly positive leaning, to settling moderately higher at 6611. Volatility was a little mixed, an opening high of 25.30, cooling to 23.78, and settling marginally higher at 24.17.
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| Bullish spring flowers |
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| Bullish blue bells |
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It was a bearish month for most world equity markets, with net monthly changes ranging from -13.2% (Japan, South Africa), -11.5% (India), -10.3% (Germany), -8.0% (Australia), -6.5% (China), -5.4% (USA), -0.8% (Russia), -0.7% (Brazil), to +13.4% (Argentina).
Lets take our regular look at ten of the world equity markets
USA - Dow
Germany – DAX
Japan – Nikkei
Brazil – Bovespa
Russia – RTSI
India
China – Shanghai comp'
South Africa
Argentina
Australia - AORD
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Summary
Nine world equity markets were lower for March, with one market higher.
Japan and South Africa were severely lower, whilst Argentina was massively higher.
South Africa printed a new historic high.
Japan, Brazil, Russia, China, South Africa, and Argentina are trading above their respective monthly 10MA
USA, Japan, Brazil, China, South Africa, and Argentina have positive monthly momentum.
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Looking ahead
Earnings:
M -
T - $IQST $AEHR $GBX $LEVI $KRUS $SKIL $XELB $PXED
W - $DAL $RPM $EVO $APLD $STZ $RELL $RGP
T - $BB $SMPL $NEOG $BYRN $WDFC $SLP $CLIR
F - $LOT
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Econ-data/events
M -
T - Durable goods orders, consumer credit (3pm)
W - FOMC mins (2pm)
T - Weekly jobs, Pers' income/outlays, PCE, Q4 GDP (print'3), wholesale invent'
F - CPI, factory orders, consumer sent'.
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Final note
The collective of world equities are breaking lower, with most markets having maxed out within Jan'-Feb'.
The war is a monstrous issue, with potential catastrophic implications for the global energy and food supply. That issue is starting to show up in a few places. The broader impact should start to become apparent within the next few weeks. By early May... the populace should have become distinctly concerned.
Even if the war magically ended today, the supply side implications are going to be significant, and stretch into 2027. If the war continues into Q3... we have a scary problem that threatens global chaos.
Across the next few months, if you're struggling to pay for higher gasoline, are unable to buy your favourite food/drink, or can't travel abroad, well... you know who to send your complaints to.
Equity bears can be justifiably s/t bearish, but whether we're in the early phase of a major crash, we won't likely know until late summer.
If anything, be sure to have enough popcorn for episode 2026 of 'Planet Krazy'.
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Have a good Easter
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*the next post on this page will likely appear 4.20pm EDT on Monday.
