US equity indexes closed broadly higher, SPX +30pts (0.7%) at 4369. Nasdaq comp' +0.8%. Dow +0.4%. The Transports settled +1.0%. R2K +1.2%.
SPX - daily
VIX - daily
Summary
The day began with the latest CPI data...
Headline y/y: 4.0% vs 4.9% prior
Core y/y: 5.3% vs 5.5% prior.
The rate of inflation is indeed continuing to cool, although core (ex food/energy) remains resilient.
Equities opened moderately higher, and whilst the gains were initially a little shaky, there was another push upward to print a new multi-month high of 4375, and settling at 4369.
Volatility was ground lower, the VIX settling -2.7% to 14.61.
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| Post storm |
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| First rule of Govt' spending, why have one, when you can have two at twice the price. |
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| 21c/70f... Goldilocks |
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
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