TACO Monday

US equity indexes closed significantly higher, SPX +74pts (1.1%) at 6581. Nasdaq comp' +1.4%. Dow +1.4%. The Transports settled +1.3%. R2K +2.2% 

SPX - daily

VIX - daily

Summary

US equity futures were broadly lower at 11.04am GMT (7.04am EDT).
Then Trump posted...

 

 

 

Futures spiked, with the SPX briefly +200pts or so.
 

The market opened sig' higher... the SPX printing 6651, cooling to 6565. The afternoon saw a secondary push upward, settling at 6581. 

 

Volatility was itself pretty wild, the VIX printing an early low of 23.87, bouncing to 26.83, and settling -2.3% at 26.15.

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The land of terrorist attacks 

 

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Weekend update - US equity indexes

It was a bearish week for most US equity indexes, with net weekly changes ranging from -2.1% (Nasdaq comp', Dow), 2.0% (NYSE comp'), 1.9% (SPX), -1.6% (R2K), to +0.7% (Trans). 

Lets take our regular look at six of the main US indexes

sp'500

Nasdaq comp'

Dow

NYSE comp'

R2K

Trans

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Summary

Five of six US equity indexes were net lower for the week, with one net higher.

The Nasdaq and Dow lead the way down, whilst the Transports was moderately higher.

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Looking ahead

Earnings:

M - $LAR $BLRX $WRD $PPHC $BNGO $AGBK $ONDS

T - $ACHV $EVTL $CNM $SMTI $LENZ $HSAI $FENZ $CNXC $NRXP $HMR $BRZE $NOAH $BZAI $AIR $MXCT $ABSI $MDAI $BSEM $BCDA $FGI

W - $CHWY $PDD $KALV $BZUN $CTAS $PAYX $EDAP $CGNT $VIOT $BYND $KRMN $GCTS $HIT $DERM $DYAI $EPAC $CWD $CYN $FUL 

T - $PAVM $PONY $CMC $LOVE $WYFI $QNRX $SCVL $DOO $DBI $LUCD $VERI $BLNK $ACOG $WPRT $BTGO $NMAX $OXM $AGX $CV $DARE

F - $CCL $AUTL $TMC $SBC $LGN $SLE 

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Econ-data/events

M - Construction

T - Productivity, PMI serv' & manu'

W - Import prices, EIA Pet'

T - Weekly jobs

F - Consumer sent' 

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Have a good weekend
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*the next post on this page will likely appear 6pm EDT on Monday.

 

 

A bearish Quad-Opex

US equity indexes closed significantly lower, SPX -100pts (1.5%) at 6506. Nasdaq comp' -2.0%. Dow -1.0%. The Transports settled -0.5%. R2K -2.3%

SPX - daily

VIX - daily

Summary

US equities opened on a weak note. There were numerous bounce attempts, but all failing, with the SPX printing a new multi-month low of 6473, and settling at 6506.  

Volatility picked up, the VIX printing a high of 29.28, and settling +11.3% to 26.78. 

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Day one of spring

 

The construction continues

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