US equity indexes mostly closed weak, SPX -5pts (0.1%) at 3855. Nasdaq comp' +0.4%. Dow -0.3%. The Transports settled -1.6%. R2K -1.7%.
SPX - daily
VIX - daily
Summary
Equities opened significantly lower to break a new cycle low of sp'3808. There was a rebound to print 3905, but cooling back to settle at 3855.
Volatility was mixed, the VIX printing 30.81, if cooling back to settle +6.9% to 26.52.
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| "Your deposits are safe" - El Presidente |
As for 'Moral Hazard', that line was crossed many... many years ago. Today was just another step along the dark and twisted path.
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