US equity indexes mostly closed broadly higher, SPX +32pts (0.7%) at 4472. Nasdaq comp' +1.1%. Dow +0.3%. The Transports settled -0.2%. R2K +1.1%
SPX - daily
VIX - daily
Summary
The day began with the latest inflation data...
Headline y/y: 3.0% vs 4.0% prior
Core y/y: 4.8% vs 5.3% prior
On any basis, its another major improvement, with even core inflation below 5%.
With speculation the Fed might 'extend the pause' beyond the next FOMC of July 26th, equities opened broadly higher, with the SPX breaking a new multi-month high of 4488. There was some cooling to 4463, with a secondary upward push to settle at
Volatility was ground lower, the VIX settling -8.8% to 13.54.
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Contemplative.
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A fine summer's day
Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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