US equity indexes closed significantly lower, SPX -57pts (1.4%) at 4090. Nasdaq comp' -1.8%. Dow -1.3%. The Transports settled -1.2%. R2K -0.9%
SPX - daily
VIX - daily
Summary
US equities opened significantly lower, on hotter than expected PPI data. The SPX printed 4091, with the VIX printing 20.00. Yet... that there was yet another upside reversal, that continued into the mid afternoon.
The Fed's Bullard upset the cart in the closing hour...
... with equities spiraling back lower, and the VIX spiking, even clearing above the key 20 threshold.
Volatility was mixed, the VIX spiking to 20.00, ground lower to 18.43, but swinging back upward to settle +10.6% to 20.17.
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Goodnight
from London
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