US equity indexes closed significantly higher, SPX +65pts (1.4%) at 4791. Nasdaq comp' +1.4%. Dow +1.0%. The Transports settled +1.2%. R2K +1.0%.
SPX - daily
VIX - daily
Summary
The last week of 2021 began on the most positive note possible, with the SPX clawing upward into the late afternoon to break a new historic high of 4791. Volatility was subdued, the VIX settling -1.6% to 17.68.
Sideline note...
I'd note that Tom Lee of Fundstrat has an official end 2022 target of 5100. Many of the mainstream will be highly inclined to revise their targets as the year proceeds. Yours truly is yet to settle on a number. I'll be sure to let you know.
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| The cold rains finally stop |
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| The second glimpse of the sun in fifteen days |
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Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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