Monday 20 December 2021

Rough start to Christmas week

US equity indexes closed significantly lower, SPX -52pts (1.1%) at 4568. Nasdaq comp' -1.2%. Dow -1.2%. The Transports settled -1.5%. R2K -1.4%.

SPX - daily5

VIX - daily3

Summary

US equities opened significantly lower, largely following both Asian and European markets. The fact that Senator Manchin announced he wouldn't support the latest stimulus bill only added to the downbeat sentiment.

The SPX spiraled to 4531, with a moderate latter day recovery to settle at 4568.

Volatility spiked, the VIX printing 26.19, but cooling back to settle +6.0% to 22.87.
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Goodnight from London
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