US equity indexes closed significantly higher, SPX +56pts (1.2%) at 4631. Nasdaq comp' +1.8%. Dow +1.0%. The Transports settled +1.4%. R2K +2.7%.
SPX - daily
VIX - daily
Summary
US equities opened on a positive note. There was considerable chop into the mid afternoon, but then a late day mini ramp to break a new multi-week high. For the bulls... its very impressive. For the bears... its a disaster, as March is set to close decisively >4500.
Volatility was ground lower, the VIX settling -3.7% to 18.90, a notable second close under the key 20 threshold.
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Goodnight
from London
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