Wednesday, 28 October 2026

The do-nothing Fed

US equity indexes mostly closed a little higher, SPX +21pts (0.3%) at 7743. Nasdaq comp' +0.3%. Dow +0.2%. The Transports settled -2.5%. R2K +0.3%

SPX – daily

VIX – daily

Summary

Equities saw a natural holding pattern ahead of the Fed... whom naturally did nothing, ahead of the midterms. Post announcement, the SPX cooled back to breakeven of 7722, and settling marginally higher at 7743. 

Volatility was ground lower for a third day, the VIX settling -3.5% to 16.91 
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Tuesday, 27 October 2026

Sunshine ahead of the Fed

US equity indexes closed on a positive note, SPX +45pts (0.6%) at 7722. Nasdaq comp' +1.2%. Dow +0.03%. The Transports settled +1.7%. R2K +1.1%

SPX – daily

VIX – daily

Summary

Equities opened a little higher, battling upward to 7736, and settling at 7722. 

Volatility was ground lower for a second day, the VIX settling -4.7% to 17.52. 

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Regularly waking me up at 3am EDT
 

A fine day

 

Surely they will line it?

 

Its been a stormy few days

Monday, 26 October 2026

Upside ahead of the Fed

US equity indexes closed moderately higher, SPX +53pts (0.7%) at 7676. Nasdaq comp' +0.8%. Dow +0.3%. The Transports settled +0.8%. R2K +0.4% 

SPX – daily

VIX – daily


Summary

Equities opened a little higher, the SPX printing a high of 7702, and settling moderately higher at 7676. Volatility was ground lower, the VIX settling -5.4% to 18.39. 
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