US equity indexes closed on a very positive note, SPX +100pts (2.5%) at 4158. Nasdaq comp' +3.3%. Dow +1.8%. The Transports settled +2.1%. R2K +2.7%.
SPX - daily
VIX - daily
Summary
US equities opened broadly higher, and built very significant gains into the early afternoon.
Meanwhile...
Lebenthal is one of the mainstream who remains in denial about the recession. I almost envy such hope. For the average US consumer, higher electric, Nat' gas, gasoline, and food, will make for a very difficult summer.
The afternoon saw considerable micro chop, if still leaning upward, to end the week at the highs.
Volatility was naturally ground lower into the long weekend, the VIX settling -6.5% to 25.72.
-
-
 |
| Sustained high oil/fuel prices won't help the airlines |
 |
| A fine end to the week |
–
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
--
If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com
