Thursday 12 May 2022

A typical Thursday

US equity indexes closed very mixed, SPX -5pts (0.1%) at 3930. Nasdaq comp'+0.1%. Dow -0.3%. The Transports settled +0.2%. R2K +1.3%.

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, saw repeated bounce attempts fail, with the SPX breaking a new multi-year low of 3858. Whilst there was a closing hour ramp, it was in many ways... a typical Thursday.

Volatility remains elevated, the VIX settling -2.4% to 31.77.
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Goodnight from London
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