US equity indexes closed very significantly lower, SPX -83pts (1.8%) at 4504. Nasdaq comp' -2.1%. Dow -1.5%. The Transports settled -1.7%. R2K -1.5%.
SPX - daily
VIX - daily
Summary
US equities opened significantly higher, with the market spooked about CPI:
Headline inflation y/y: 7.5% vs 7.0% prior
Ex food/energy y/y: 6.0% vs 5.5% prior
There was a rather bizarre upside reversal, with the SPX turning fractionally positive to 4588, before swinging very significantly lower into the late afternoon.
Volatility picked up, the VIX settling +19.8% to 23.91.
So... more red boxes than green... but then it was a Thursday.
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There is something to be said for Zoolander (2001).
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| A fine winter's day |
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| Next full moon is Wed' Feb'16th |
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset
Goodnight from London
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