US equity indexes closed on a positive note, SPX +17pts (0.4%) at 4337. Nasdaq comp' +0.4%. Dow +0.1%. The Transports settled +0.8%. R2K +0.5%
SPX - daily
VIX - daily
Summary
Equities opened moderately lower - pressured by higher bond yields, with the SPX breaking a new s/t low of 4302. Yet... there was an early upside reversal that carried into the early afternoon to 4336. From there... considerable chop, settling moderately higher to 4337.
Volatility was mixed, the VIX printing 18.41, but cooling back to settle -1.7% to 16.90.
*I'll merely add, equity bounces have to be expected within a multi-week/month down wave. Last Friday and today, were both reminders of that.
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Goodnight
from London
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