Friday 25 February 2022

Bouncing into the weekend

US equity indexes closed very significantly higher, SPX +95pts (2.2%) at 4384. Nasdaq comp' +1.6%. Dow +2.5%. The Transports settled +2.6%. R2K +2.3%.

SPX - daily

VIX - daily

Summary

US equities opened positive, and after some initial chop, built very significant gains into the afternoon. The rest of the day saw considerable micro chop, if with a marginal higher high in the closing hour. Volatility was ground lower, the VIX settling -9.0% to 27.59.
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Goodnight from London
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