US equity indexes closed very significantly lower, SPX -75pts (1.7%) at 4357. Nasdaq comp' -2.2%. Dow -1.8%. The Transports settled -1.2%.
SPX - daily5
VIX - daily3
Summary
US equities opened significantly lower, on the increasing mainstream concern about Evergrande of Communist China. Early sentiment was very much reflected by this...
For those watching the tick by tick action, there were dip buyers out there, but not many, with the market breaking new multi-week/month lows into the late afternoon.
Meanwhile...
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| The view from up high |
*Youtube has a truck load of live feeds. Just search 'La Palma LIVE'!
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The closing hour saw a new intraday low of sp'4305, but then spiking upward to settle at 4357.
Volatility naturally spiked, the VIX settling +23.5% to 25.71.
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| Autumnal equinox is this Wed' Sept'22nd |
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| 100% |
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Goodnight
from London
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