Tuesday 11 October 2022

Lower lows

US equity indexes closed rather mixed, SPX -23pts (0.7%) at 3588. Nasdaq comp' -1.1%. Dow +0.1%. The Transports settled +0.03%. R2K +0.03%.

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, with the SPX leaning lower to print a new lower for the year of 3568. There was a recovery into the afternoon to 3640. The late afternoon saw a rather strong swing lower, as bounces continue to be sold into.

Volatility remained elevated, the VIX printing 34.43, and settling +3.6% to 33.63.
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Another fine day for the bears


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Goodnight from London
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