Monday 18 July 2022

A Monday reversal

US equity indexes mostly closed broadly lower, SPX -32pts (0.8%) at 3830. Nasdaq comp' -0.8%. Dow -0.7%. The Transports settled +0.5%. R2K -0.3%.

SPX - daily

VIX - daily

Summary

US equities opened on a broadly positive note, with the SPX pushing to 3902.

For historical purposes...

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The afternoon saw some distinct cooling (sporadic spooky news about Apple hiring/spending freeze), with all indexes turning broadly red. The closing hour saw the SPX print 3818, with a moderate recovery to settle at 3830.

Volatility was itself subdued, the VIX settling +4.4% to 25.30.
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London peaked at 34c/93f


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Goodnight from London
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