US equity indexes closed on a weak note, SPX -16pts (0.4%) at 4091. Nasdaq comp' -0.8%. Dow -0.1%. The Transports settled -1.0%. R2K -0.7%.
SPX - daily
VIX - daily
Summary
The day began with the latest CPI data...
Headline y/y: 5.0% vs 6.0% prior
Core y/y: 5.6% vs 5.5% prior.
Headline inflation was certainly far better, but core remains distinctly elevated.
Equities opened broadly higher, with the SPX printing a marginal new cycle high of 4134. From there... cooling to 4095, with a secondary bounce to 4127. The late afternoon saw another swing lower to settle at 4095.
Volatility was mixed, the VIX printing 19.57, cooling to 18.28, but settling -0.05% to 19.09.
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Goodnight
from London
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