Friday, 1 September 2023

Into the long weekend

US equity indexes mostly closed on a positive note, SPX +8pts (0.2%) at 4515. Nasdaq comp' -0.02%. Dow +0.3%. The Transports settled +0.7%. R2K +1.2%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX printing a new cycle high of 4541. However, the gains were shaky from the open, with the market cooling into the early afternoon to 4541. The late afternoon saw considerable minor chop, settling at 4515.

Volatility was ground lower into the long weekend, the VIX settling -3.5% to 13.09.
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Goodnight from London
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