Wednesday 24 May 2023

Midweek downside

US equity indexes closed broadly lower, SPX -30pts (0.7%) at 4115. Nasdaq comp' -0.6%. Dow -0.8%. The Transports settled -1.5%. R2K -1.0%. 

SPX - daily

VIX - daily

Summary

US equities opened on a moderately weak note, with the SPX cooling to 4108 in mid morning. From there, considerable chop, with a recovery into the late afternoon to 4132, and settling at 4115.

Volatility climbed for a fourth consecutive day, the VIX printing 20.81, if cooling back to settle +8.1% to 20.03.
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Almost a little warm

Full moon... June 4th
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Goodnight from London
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