US equity indexes closed very mixed, SPX -3pts (0.1%) at 3892. Nasdaq comp' +0.6%. Dow -0.3%. The Transports settled +1.0%. R2K +0.2%.
SPX - daily
VIX - daily
Summary
US equities opened moderately higher, and built very significant gains into the afternoon. The Fed's Daly appeared...
... and that upset the market cart, with all indexes cooling back, some even turning negative.
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No rate cuts until at least end 2024?
If correct, Mr Market should have already flashed printed SPX 3000 !
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Volatility remained muted, the VIX settling +4.0% to 21.97.
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Goodnight
from London
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