US equity indexes closed very significantly higher, SPX +71pts (2.0%) at 3719. Nasdaq comp' +2.0%. Dow +1.9%. The Transports settled +2.5%. R2K +3.2%.
SPX - daily
VIX - daily
Summary
US equities were sig' lower overnight/early, but then the BoE issued a press release that it was going to spool up the printers, and start buying bonds... which it did... spending around $1.1bn today on tier'1 garbage UK GILTs.
US equities rallied, largely helped by a downside reversal in the USD. The SPX battled upward, printing 3736, and settling at 3719. Today's close >3717 is significant, and offers confidence of a run to 3890/3900.
Volatility cooled back, the VIX printing (cash market) early high of 33.83, but cooling back to settle -7.4% to 30.18.
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| Day five of autumn |
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| Foreign visitors have never had a better exchange rate |
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| Even the Parakeets are demanding payment in USD |
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| The sun is setting on what is a disintegrating Kingdom |
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Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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