US equity indexes closed significantly lower, SPX -44pts (1.2%) at 3808. Nasdaq comp' -1.5%. Dow -1.0%. The Transports settled -1.5%. R2K -1.1%.
SPX - daily
VIX - daily
Summary
US equities saw early pre-market gains swing to moderate declines on the latest jobs data, seen by Mr Market as 'good news is bad news'.
Then CNBC rolled on George of the Fed, whom effectively gave a little extra clarity that we're due at least TWO more rate hikes, each of 25bps... Feb'1st and March 22nd.
-
Equities opened moderately lower, and whilst there were a few bounce attempts, the day ended on a significantly weak note. More broadly though, we've been stuck since mid December.
Volatility remained subdued, the VIX settling +2.0% to 22.46.
–
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
--
If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com
