US equity indexes closed on a weak note, SPX -27pts (0.6%) at 4349. Nasdaq comp' -0.6%. Dow -0.5%. The Transports settled -1.1%. R2K -2.2%
SPX - daily
VIX - daily
Summary
The day began with the latest inflation data...
Headline: 3.7% vs 3.7% prior
Ex food/energy: 4.1% vs 4.3% prior
... which was broadly inline.
Equities opened moderately higher, with the SPX pushing to 4382, cooling to 4362, with a secondary push to 4385... an effective double top. From there... a significant spiral to 4325, if recovering to settle at 4349.
Volatility was very mixed, the VIX printing a low of 15.44, spiking to 18.08, and cooling back to settle +3.7% to 16.69.
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Goodnight
from London
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