US equity indexes closed broadly lower, SPX -29pts (0.7%) at 4061. Nasdaq comp' -0.5%. Dow -0.9%. The Transports settled -1.3%. R2K -1.1%.
SPX - daily
VIX - daily
Summary
US equities opened on a weak note, with the market dragged lower by the financials.
Yesterday afternoon Powell argued the US banking system was 'sound and resilient'...
... only for news to appear Wed' AH, that PacWest Bancorp is the latest regional bank in trouble.
The SPX cooled to 4048, with a choppy recovery to settle at 4061.
Volatility increased for a fourth day, the VIX printing 21.33, and settling +9.5% to 20.09.
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| The pollen count is starting to soar |
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| Summer warmth remains... absent |
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| 99.3% |
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Goodnight from London
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