US equity indexes mostly closed on a weak note, SPX -2.7pts (0.1%) at 3818. Nasdaq comp' -0.03%. Dow+0.3%. The Transports settled -0.4%. R2K -1.0%.
SPX - daily
VIX - daily
Summary
US equities opened in chop mode, and remained that way across the day. After yesterday's big drop, today is to be seen as a relative victory for the bears, as a s/t cyclical bounce was restrained.
Volatility was itself muted, the VIX settling -0.7% to 28.16.
Tomorrow is set to be real interesting. Thursday will inherently favour the bears, but it will be end month/Q2/H1, and there will be at least some attempt to 'window dress'.
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Goodnight
from London
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