Thursday 30 September 2021

Messy end to Q3

US equity indexes closed broadly lower, SPX -51pts (1.2%) at 4307. Nasdaq comp' -0.4%. Dow -1.6%. The Transports settled -1.7%. R2K -0.9%.

SPX - daily5

VIX - daily3

Summary

US equities opened positive, but the gains were shaky from the start, and it didn't take long for indexes to turn negative. The afternoon saw considerable chop, leaning increasingly weak into end month/Q3, with the SPX settling at 4307, just 2pts above the 'Evergrande Monday' low.

Volatility was mixed, the VIX printing 24.71, and settling +2.6% to 23.14.


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Goodnight from London
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