Tuesday 31 January 2023

One twelfth complete

US equity indexes closed very significantly higher, SPX +58pts (1.5%) at 4076. Nasdaq comp' +1.7%. Dow +1.1%. The Transports settled +3.5%. R2K +2.4%

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, if leaning on the positive side, which continued into the late afternoon.

Volatility was ground lower, the VIX settling -2.7% to 19.40. Once the Fed is out of the way, the VIX will be inclined to be knocked even lower.
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Goodnight from London
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