Tuesday, 26 July 2022

Walmart upset the cart

US equity indexes closed significantly lower, SPX -45pts (1.1%) at 3921. Nasdaq comp' -1.9%. Dow -0.7%. The Transports settled -1.8%. R2K -0.6%.

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, with the market annoyed after Walmart issued a profits warning.

Meanwhile...


.. as those CNBC hack-frauds, are playing along with the Biden admin', set to pretend that 2Qs of negative growth is no longer a recession.
-

The afternoon saw further weakness, with the market ending on a bearish note.

Volatility picked up... if only a little, the VIX settling +5.7% to 24.69.


Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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