Friday 25 August 2023

Jackson Hole swings

US equity indexes mostly closed on a positive note, SPX +29pts (0.7%) at 4405. Nasdaq comp' +0.9%. Dow +0.7%. The Transports settled -0.2%. R2K +0.4%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the Powell duly appearing at 10.05am...


The SPX spiked to 4116, only to see a mini implosion to 4356. From there, a latter day recovery to 4418, and settling broadly higher at 4405.

Volatility was mixed, the VIX printing 17.36, but then ground lower into the weekend to settle -8.8% to 15.68


Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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