Thursday 15 December 2022

It was a Thursday

US equity indexes closed rather powerfully lower, SPX -99pts (2.5%) at 3895. Nasdaq comp' -3.2%. Dow -2.2%. The Transports settled -2.7%. R2K -2.5%

SPX - daily

VIX - daily

Summary

US equities opened significantly lower, not helped by some econ-data, and weak European markets, the latter riled up by rate hikes from the BoE and ECB.

Equities spiraled into the mid afternoon to 3879. The late afternoon saw considerable positive leaning chop, but that still made for a distinctly bearish Thursday.

Volatility picked up... if only moderately, the VIX settling +8.0% to 22.83.
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Another day where temps stayed below zero.

The snow fields of London :)


Winter solstice is next Wednesday


Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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