July settles

US equity indexes closed mixed, SPX +52pts (0.7%) at 7489. Nasdaq comp' +1.0%. Dow +0.5%. The Transports settled -0.2%. R2K -0.5%

SPX – daily

VIX – daily

Summary

US equities opened moderately higher, and whilst there was a significant cooling wave, the bears could only manage 7399. There was a secondary push upward to 7512, and settling at 7489. 

Volatility was mixed, the VIX printing an early high of 18.70, but cooling back to settle -6.4% to 15.99. 
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Thursday bounce

US equity indexes mostly closed sig' higher, SPX +121pts (1.7%) at 7437. Nasdaq comp' +2.8%. Dow +1.2%. The Transports settled -1.7%. R2K +1.4%

SPX – daily

VIX – daily

Summary

US equities opened broadly higher. There was a cooling wave, but a stronger secondary push upward into the late afternoon to 7448, and settling at 7437.

Volatility was ground significantly lower, the VIX settling -17.3% to 17.09 
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Warsh washout

US equity indexes closed significantly lower, SPX -112pts (1.5%) at 7316. Nasdaq comp' -1.7%. Dow -2.2%. The Transports settled -1.9%. R2K -1.7%

SPX – daily

VIX – daily

Summary

Equities opened a little weak, and with a break of trend the SPX fell to 7341. The afternoon saw a bounce, with Warsh appearing at 2.30pm...

The SPX bounced to 7450, but then a powerful downward swing to 7313, and settling at 7316. 

Volatility was mixed, the VIX printing a high of 20.88, but cooling back to settle +13.4% to 20.66.  
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A very narrow field of view

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