Monday 13 June 2022

New cycle low

US equity indexes closed powerfully lower, SPX -151pts (3.9%) at 3749. Nasdaq comp' -4.7%. Dow -2.8%. The Transports settled -3.0%. R2K -4.7%.

SPX - daily

VIX - daily

Summary

US equities opened very significantly lower, with the SPX breaking a new cycle low of 3750.

Meanwhile...

Clueless... as ever.

 

Putting on a brave face

 
The afternoon saw a failed bounce, with the SPX breaking a new cycle low of 3734 into the close. Volatility spiked, the VIX printing 35.05, and settling 22.6% to 34.02.
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Goodnight from London
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