US equity indexes mostly closed significantly higher, SPX +42pts (1.0%) at 4119. Nasdaq comp' +2.0%. Dow +0.02%. The Transports settled +3.7%. R2K +1.6%.
SPX - daily
VIX - daily
Summary
US equities opened a little choppy, leaning on the weak side, which continued into the 2pm press release from Print Central...
As expected... rate hike eight was +25pts to 4.50-4.75%.
The Powell duly appeared...
... there was initial downside to 4037, but then whipsawing upward to 4148. The break >4100 was decisive, and offers a broader push to around 4200 within 1-2 weeks.
With the Fed out of the way, volatility was ground lower, the VIX settling -7.9% to 17.87.
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Goodnight
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