US equity indexes closed on a positive note, SPX +53pts (1.2%) at 4450. Nasdaq comp' +1.4%. Dow +0.8%. The Transports settled +0.1%. R2K +0.4%
SPX - daily
VIX - daily
Summary
US equities opened broadly higher, helped by positive European markets, and better than expected inflation (PCE) data. The SPX built significant gains into the late afternoon to print a new multi-month high of 4458, and settling at 4450.
SPX...
Net weekly gain +102pts (2.3%)
Net monthly gain +270pts (6.5%)
Net H1 gain +608pts (15.9%)
Volatility remained repressed, the VIX settling +0.4% to 13.59.
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