US equity indexes closed very mixed, SPX +18pts (0.4%) at 4137. Nasdaq comp' +1.0%. Dow -0.1%. The Transports settled -0.3%. R2K +0.5%.
SPX - daily
VIX - daily
Summary
The day began with the latest inflation data...
Headline y/y: 4.9% vs 5.0% prior
Core y/y: 5.5% vs 5.6% prior.
The market was pleased to see a four handle on the headline number. Core remains elevated, but its nothing compared to many places, not least the failed state of the UK.
Equities opened broadly higher, but the gains were shaky from the start. The SPX cooled from 4154 to 4098. There was a rather bizarre late day ramp, settling at 4137.
Volatility was mixed, the VIX printing 16.36, swinging upward to 18.28, but cooling back to settle -4.3% at 16.94.
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Goodnight
from London
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