US equity indexes closed very significantly lower, sp -64pts (1.9%) at 3400. Nasdaq comp' -1.6%. Dow -2.3%. Transports -2.3%.
Equities opened on a significantly weak note, with the mainstream having renewed concerns about Corona case numbers. With deep red futures, the Kudlow was not surprisingly wheeled out...
|The Kudlow... trying to 'inspire'.|
|Mighty Trump... with a mini dance to YMCA|
Today's lower yields, weak oil, and lower bond yields sure didn't help. The afternoon saw the market break new lows, with the SPX printing 3364, and after Pelosi stimulus chatter, recovering to settle at 3400.
Volatility naturally picked up, the VIX printing 33.68, and settling +17.8% to 32.46.
|Full moon is this Saturday... Halloween!|
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset
Goodnight from London
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