US equity indexes closed mostly positive, SPX +4pts (0.1%) at 3881. Nasdaq comp' -0.5%. Dow +0.05%. The Transports settled +0.2%.
SPX - daily5
VIX - daily3
Summary
US equity indexes opened broadly weak, with the SPX spiraling to 3805.
Meanwhile...
... as the bigger the bubble, the bull maniacs are becoming ever more desperate for renewed upside. The CEO of Print Central duly appeared to answer questions from the political hacks...
Rather disturbingly, Powell was outright touting vaccinations as 'important' for the US economy. What next from the Fed? How about suggesting calorific intakes, or perhaps mandating thirty minutes of exercise each day?
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The market saw repeated bounce attempts into the mid afternoon, with the SPX turning marginally positive to 3895, and settling at 3881.
Volatility picked up, VIX seeing an early high of 27.01, if cooling back to settle -1.4% at 23.11.
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| A fine end to the day |
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| Green shoots |
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| Full moon is Saturday Feb'27th |
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Goodnight
from London
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