US equity indexes closed very significantly lower, SPX -56pts (1.4%) at 3822. Nasdaq comp' -2.2%. Dow -1.0%. The Transports settled -1.0%. R2K -1.3%.
SPX - daily
VIX - daily
Summary
US equities opened broadly lower, as the market saw the GDP data as 'good news is bad news'. There were numerous other pressures, not least Micron and AMC. The SPX spiraled into the early afternoon, printing 3764. There was a late afternoon recovery to settle at 3822.
Volatility picked up, the VIX printing 24.30, if cooling back to settle +9.5% to 21.97.
The s/t cyclical setup favours the bulls for Christmas EveEve.
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Ohh, and as for Tesla...
Tesla printed the $122s, the lowest since Sept'2020. The giant H/S threatens the $33s. Yes, its 'crazy talk', but its $69 less crazy than end November. Despite what some say... its just a car manufacturer.
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| A little inspiration... above the tip of South Africa |
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| Bullish space tools for the new solar panels |
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Goodnight from London
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