Farewell to Powell

US equity indexes mostly closed a little weak, SPX -2pts (0.04%) at 7135. Nasdaq comp' +0.04%. Dow -0.6%. The Transports settled -1.0%. R2K -0.7%

SPX – daily

VIX – daily

Summary

US equities saw considerable minor chop into the 2pm FOMC. Interest rates were naturally left u/c, with Powell appearing at 2.30pm...

"Thankyou very much everyone" - Powell

 

Equities saw further chop, with the SPX settling fractionally lower at 7135. 

Volatility picked up a little, the VIX settling +5.5% to 18.81. 
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Bullish trees and bees

 

The sun is soon to set on April

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Pre-Fed cooling

US equity indexes closed on a weak note, SPX -35pts (0.5%) at 7138. Nasdaq comp' -0.9%. Dow -0.1%. The Transports settled -0.5%. R2K -1.2%

SPX – daily

VIX – daily

Summary

US equities opened on a weak note, but all the bears could manage was 7115. There was a subdued bounce to 7115, and settling moderately lower at 7138

Volatility was a little mixed, the VIX printing an opening high of 18.92, but cooling back to settle -1.0% at 17.83. 
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Subdued Monday

US equity indexes closed a little mixed, SPX +8pts (0.1%) at 7173. Nasdaq comp' +0.2%. Dow -0.1%. The Transports settled -0.2%. R2K +0.1%

SPX - daily

VIX - daily

Summary

It was a very subdued day in equity land, but the SPX still managed to print a new hist' high of 7178, and settling fractionally positive at 7173. 

Volatility was a little mixed, the VIX printing an early high of 19.27, but settling -3.7% to 18.02.  
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