Friday 17 March 2023

Falling into Four Witches

US equity indexes closed significantly lower, SPX -43pts (1.1%) at 3916. Nasdaq comp' -0.7%. Dow -1.2%. The Transports settled -1.4%. R2K -2.6%

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, but it was mostly just a retrace of Thursday's upside reversal. The SPX printed a low of 3901, and settling at 3916.

Volatility remained elevated, the VIX printing 26.14, and settling +11.0% to 25.51.
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Spring is next Monday, March 20th


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Goodnight from London
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