US equity indexes closed on a weak note, SPX -16pts (0.4%) at 4409. Nasdaq comp' -0.7%. Dow -0.3%. The Transports settled -0.5%. R2K -0.8%
SPX - daily
VIX - daily
Summary
US equities opened a little higher, with the SPX printing yet another new multi-month high of 4448. From there... considerable chop into the mid afternoon, with a cooling wave into the weekend, for what was a quadruple witching.
Volatility was ground lower into the long weekend, the VIX printing a new multi-year low of 13.48, and settling -6.6% to 13.54.
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| Not so much too big to fail, as too big to fly |
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| Another fine summer's day |
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