Tuesday 14 February 2023

Tuesday Turnarounds

US equity indexes closed rather mixed, SPX -1pt (0.03%) at 4136. Nasdaq comp' +0.6%. Dow -0.5%. The Transports settled +1.1%. R2K -0.04%.

SPX - daily

VIX - daily

Summary

The latest inflation data was issued in pre-market, with the market seeing a number of rather strong swings, opening marginally positive. The SPX battled to 4159, but saw a very significant reversal to 3995 by late morning. From there... an almost equally strong rebound to 4145, and settling at 4136.

Volatility was never supportive of the mid morning equity declines, the VIX settling -7.0% to 18.91. 


Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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