US equity indexes closed very significantly lower, SPX -90pts (2.0%) at 4352. Nasdaq comp' -2.8%. Dow -1.6%. The Transports settled -1.0%.
SPX - daily5
VIX - daily3
Summary
Equities opened broadly weak, with the SPX sliding to 4346 in the early afternoon. Meanwhile...
US T-Sec Yellen, with the CEO of Print Central... Powell, speaking to the US political hacks. Notably, Senator Elizabeth Warren deemed Powell a 'Dangerous man'.
Do you think the current fiscal or monetary policy of either, are helping the following?
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The afternoon saw considerable equity chop, with a rather ugly closing hour. Volatility picked up, the VIX settling +23.9% to 23.25. With two days left of the month/Q3, now its a case of what degree (if any) of rebound we see.
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| A rainy day in autumn |
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Goodnight
from London
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