Wednesday, 7 September 2022

Clawing upward

US equity indexes closed very significantly higher, SPX +71pts (1.8%) at 3979. Nasdaq comp' +2.1%. Dow +1.4%. The Transports settled +0.5%. R2K +2.2%.

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but then clawed upward into the late afternoon, printing 3987, and settling at 3979. 

Meanwhile...


Jim O'Neil - ex UK treasury minister, as clueless, and in denial as ever... as the UK Pound continues to broadly fall toward parity.
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Volatility was ground lower, the VIX settling -8.4% to 24.64.
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Ahead of the storm


Summer continues to fade


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

Goodnight from London
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