Tuesday 4 May 2021

Sporadic washout

US equity indexes closed very mixed, SPX -28pts (0.7%) at 4164. Nasdaq comp' -1.9%. Dow +0.1%. The Transports settled +0.05%. R2K -1.2%.

SPX - daily5

VIX - daily3

Summary

US equities opened moderately weak, with the SPX sliding to 4128 in the 11am hour.

Grogu... ringing the bell.

Meanwhile...


Ex Fed Chair... now US T-Sec' Yellen didn't help today, when she was effectively touting higher interest rates. Its kinda unusual for the T-Sec to talk this way. By default, higher rates would be bullish the US banks, not least Bank of America.

The afternoon saw a choppy bounce, with the SPX settling -28pts to 4164.

Volatility picked up, the VIX printing 21.85, if settling +6.4% to 19.48.
-

Looking down onto London


... and from the ground.


Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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