US equity indexes closed very significantly higher, SPX +90pts (2.4%) at 3901. Nasdaq comp' +3.0%. Dow +1.9%. The Transports settled +2.1%.
SPX - daily5
VIX - daily3
Summary
US equities opened significantly higher, and built rather powerful gains into the mid afternoon.
Meanwhile...
... as the Marxists/communists are seeking a bigger piece of the cake, even if it means a smaller cake, as capital would hide... or just flee offshore. Will the monstrous deficit spending be funded with higher taxes, or will US T-Sec' Yellen call up Print Central's Powell to print another trillion?
The afternoon saw some chop, with a little cooling into the close. On any basis, it was a very positive start to March.
Volatility was naturally ground lower, the VIX settling -16.5% to 23.35.
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| Another day closer to spring 2021 |
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| Hawthorn flowers |
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| Golden sunshine... all along the way |
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Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
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