US equity indexes mostly closed on a positive note, SPX +30pts (0.6%) at 4796. Nasdaq comp'+1.2%. Dow +0.7%. The Transports settled -1.1%. R2K +1.3%
SPX - daily
VIX - daily
Summary
US equities opened on a positive note, but the gains were shaky from the start, with most indexes turning red... if only fractionally. There was a secondary push upward into the late afternoon.
Meanwhile...
For many... 2022 is going to be little different than 2021... as the political elite - not least Ms. Pelosi, are more focused on the financial markets, than the populace for which they were supposedly meant to represent.
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The late afternoon saw considerable chop, if mostly leaning on the positive side, for what was a positive start to the year. Volatility was subdued, the VIX settling -3.6% to 16.60.
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Goodnight
from London
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