US equity indexes closed broadly lower, SPX -37pts (0.9%) at 4320. Nasdaq comp' -0.7%. Dow -0.8%. The Transports settled -3.3%.
SPX - daily5
VIX - daily3
Summary
It was a Thursday, and frankly, it wasn't particularly surprising to see more red boxes than green. The gap lower was the largest we've seen in some weeks. The SPX found a floor of 4289, before bouncing into the afternoon, with some moderate chop into the close.
Volatility picked up, with the VIX printing 21.29, and settling +17.3% to 19.00. The s/t outlook favours the equity bears, but broadly... the market looks fine into August, if not to around Labor day.
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Goodnight
from London
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