Monday 5 December 2022

A weak Monday

US equity indexes closed very significantly lower, SPX -72pts (1.8%) at 3998. Nasdaq comp' -1.9%. Dow -1.4%. The Transports settled -3.2%. R2K -2.8%.

SPX - daily

VIX - daily

Summary

US equities opened moderately lower, with the SPX cooling into the mid afternoon to 3984. The late afternoon saw a little chop, if still settling very significantly lower.

With weak equities, volatility picked up, the VIX settling +8.9% to 20.75.
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Full moon is Wednesday

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Goodnight from London

 

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