US equity indexes mostly closed on a weak note, SPX -22pts (0.6%) at 3900. Nasdaq comp' -0.3%. Dow -0.7%. The Transports settled -1.8%. R2K +0.2%.
SPX - daily
VIX - daily
Summary
US equities opened on a broadly weak note, with the SPX printing an early low of 3876.
Meanwhile...
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| "Why did he say that, why did he say that?" - the Cramer on Powell |
The lower that equities fall, the more the mainstream cheerleaders are getting annoyed with Powell. Cramer wants a 'shock' rate hike of 100bps (or so), but Mr Market wouldn't like that. In any case... we can expect more clenched fists into the summer.
The afternoon saw considerable chop, if leaning on the weaker side.
Volatility cooled back, the VIX settling -5.2% to 29.35.
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| The giant of the skies |
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| A fine day in May |
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
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