Wednesday, 5 July 2023

Remaining subdued

US equity indexes closed on a weak note, SPX -8pts (0.2%) at 4446. Nasdaq comp' -0.2%. Dow -0.4%. The Transports settled -0.6%. R2K -1.0%

SPX - daily

VIX - daily

Summary

US equities opened moderately lower, but all the bears could manage was 4436, before a choppy recovery into mid morning. From there... considerable micro chop, if mostly leaning on the weaker side.

Volatility picked up, the VIX printing 14.74, if cooling back to settle +4.5% to 14.18.  
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Goodnight from London
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