US equity indexes closed on a weak note, SPX -7pts (0.2%) at 4219. Nasdaq comp' -0.1%. Dow -0.4%. The Transports settled -1.2%.
SPX - daily5
VIX - daily3
Summary
It was another day of mostly minor churn, as the market was content to be in a holding pattern ahead of Thursday morning's CPI data.
The late afternoon saw a little cooling, with most indexes settling fractionally weak.
Volatility was naturally subdued, the VIX settling +4.8% to 17.89.
Tomorrow is a Thursday, and that will inherently favour the equity bears/volatility bulls. The CPI data will likely offer the excuse for a big move.
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| Bullish photoshop |
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Goodnight
from London
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