Monday 26 September 2022

Bearish GBP

US equity indexes closed broadly weak, SPX -38pts (1.0%) at 3655. Nasdaq comp' -0.6%. Dow -1.1%. The Transports settled -1.1%. R2K -1.4%.

SPX - daily


VIX - daily

Summary

US equities opened on a weak note, but considering the GBPUSD - flash printing the 1.03s, the  US and other world markets held up very well.

The afternoon saw a secondary wave lower to break a marginal lower low of 3644. The late afternoon saw a minor rally, settling at 3655.

Volatility picked up, VIX printing a (cash market) high of 32.69, if cooling back to settle +7.8% to 32.26.

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Goodnight from London
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