US equity indexes closed broadly higher, SPX +37pts (0.8%) at 4479. Nasdaq comp' +1.5%. Dow +0.6%. The Transports settled +0.9%. R2K +1.9%
SPX - daily5
VIX - daily3
Summary
The week began on a positive note, the SPX opening broadly higher, and building significant gains, breaking a new historic high of 4489.
Meanwhile...
El-Erian believes that inflation will be anything but the Fed's 'transitory'. I agree with him in that we'll know by year end. By then though... the society/species might have other more important concerns.
The afternoon saw increasing chop, but still settling sig' higher. Volatility was ground lower, the VIX settling -7.6% to 17.15.
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| Another day closer |
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| The darkness is ahead |
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| A fine end to the day |
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Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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