US equity indexes mostly closed on a weak note, SPX -24pts (0.6%) at 3995. Nasdaq comp' -0.8%. Dow -0.4%. The Transports settled +0.6%. R2K -0.7%.
SPX - daily
VIX - daily
Summary
US equities opened a little choppy, but leaned upward into the 2pm press release from Print Central...
Whilst 50bps was expected, the market wasn't exactly pleased on news a majority of monetary maniacs expect rates to be above 5.0% in 2023. So much for the 'Fed Pivot'.
The late afternoon saw some significant swings, if ending on a broadly weak note.
With the Fed out of the way, volatility was ground lower, the VIX settling -6.2% to 21.14.
Tomorrow is a Thursday... which will inherently favour the equity bears. The broader setup still favours the bulls into early January.
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Goodnight
from London
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