US equity indexes closed significantly higher, SPX +58pts (1.4%) at 4199. Nasdaq comp' +1.7%. Dow +1.0%. The Transports settled +1.7%. R2K +1.6%.
SPX - daily
VIX - daily
Summary
Equities saw considerable chop, but there was more upside power than in recent days, the SPX pushing upward into the late afternoon... tagging teal gap.
Volatility was ground lower, the VIX settling -4.6% to 21.78. Friday morning will see Powell at Jackson Hole, and whilst the market might open on a positive note, the s/t cyclical setup favours the bears into the weekend.
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Goodnight
from London
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