US equity indexes closed broadly lower, SPX -29pts (0.8%) at 3665. Nasdaq comp' -0.6%. Dow -0.3%. The Transports settled -2.6%. R2K -1.3%
SPX - daily
VIX - daily
Summary
US equities opened in minor chop mode. There was a push to moderate gains, the SPX printing 3736. From late morning... the market cooled into the late afternoon. Today's price action doesn't merit ANY degree of bearish hysteria, as last week's low of 3491 looks secure until late November.
Despite negative equities, volatility was ground lower, the VIX settling -2.5% to 29.98.
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| ... as UK regime leader Truss has resigned. |
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| Looking into the capital of a banana republic. |
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| Once more... the twilight zone |
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Goodnight
from London
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