US equity indexes closed broadly lower, SPX -47pts (1.1%) at 4145. Nasdaq comp' -1.3%. Dow -0.7%. The Transports settled -0.2%. R2K -0.4%.
SPX - daily
VIX - daily
Summary
US equities opened moderately lower, but all the bears could manage was sp'4172, with a choppy rebound into the late morning to 4185. From there... a secondary wave lower to 4142, and settling at 4145.
Volatility picked up, the VIX printing 19.31, and settling +7.7% to 18.53.
The only issue is whether a debt ceiling agreement is reached before, or not until after the long weekend. The market isn't going to like that degree of uncertainty across a three day weekend, as the daily SPX and VIX setup favours the equity bears.
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| The Crescent moon and Venus |
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| Full moon... June 4th |
Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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