US equity indexes closed powerfully higher, SPX +124pts (3.0%) at 4300. Nasdaq comp' +3.2%. Dow +2.8%. The Transports settled +3.1%. R2K +2.7%.
SPX - daily
VIX - daily
Summary
US equities saw considerable chop ahead of the fed.
Powell duly appeared...
The late afternoon saw a few initial swings, but with Powell touting there won't likely be a need for any 75bps hikes, the market soared upward, settling powerfully higher.
With rate hike two out of the way, the VIX cooled back, settling -13.1% to 25.42.
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| Bullish trees |
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| I survived another day on planet Krazy |
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| Next full moon is May 16th |
Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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