Thursday, 21 September 2023

A red Thursday

US equity indexes closed very significantly lower, SPX -72pts (1.6%) at 4330. Nasdaq comp' -1.8%. Dow -1.1%. The Transports settled -0.7%. R2K -1.5%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, with the SPX falling to 4350. From there, a bounce to 4365, but then resuming lower to settle at 4330... notably under the August low.

Volatility picked up, the VIX settling +15.8% to 17.54.

You should be hearing provisional alarm bells, not least via yields/bonds.
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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