US equity indexes closed significantly lower, SPX -63pts (1.4%) at 4513. Nasdaq comp' -2.2%. Dow -1.0%. The Transports settled -0.9%. R2K -1.4%
SPX - daily
VIX - daily
Summary
Tuesday AH saw Fitch downgrade US debt. Overnight futures were lower by around -1.0%, with the market opening broadly weak. The SPX leaned downward across the day, printing 4505, and settling at 4513.
Volatility spiked, the VIX printing 16.48, and settling +15.5% to 16.09.
Most notable today was the US 10yr yield breaking above 4.10%, with the US long bond ETF of TLT unable to hold the key $97.00s. Both breaks merit alarm bells, and suggestive of sp'4440/4400 within 'days'.
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