US equity indexes closed on a positive note, SPX +63pts (1.5%) at 4288. Nasdaq comp' +3.3%. Dow +0.3%. The Transports settled +2.1%. R2K +2.7%.
SPX - daily
VIX - daily
Summary
US equities opened rather powerfully lower, spooked by overnight news that Russia had sent a force into Ukraine. Yet there was a reversal from the open, and it continued into the early afternoon.
Biden appeared in the afternoon, once again with talk of sanctions. The equity market was content, especially with a reiteration that US troops/forces will NOT be fighting Russia.
The late afternoon saw increasing upside, which was especially impressive for a Thursday.
Volatility spiked to 37.79, but cooled to settle -2.3% to 30.32. Friday might be equally wild, as whilst the morning might begin positive, how many of the rats will want to hold long into the weekend?
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Goodnight
from London
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