US equity indexes closed broadly lower, SPX -36pts (0.8%) at 4278. Nasdaq comp' -1.0%. Dow -0.7%. The Transports settled -1.0%. R2K -1.6%
SPX - daily
VIX - daily
Summary
US equities opened a little higher, but the gains were shaky from the start, with the SPX cooling to 4299.
Powell appeared at the economic club of New York, if delayed by some eco-lunatics.
From 4299, a spike to 4339, imploding to 4290, but then resuming upward to 4335 - the August low. The late afternoon saw renewed downside to 4269, settling at 4278.
Volatility was mixed, the VIX printing 18.55, but swinging upward to settle +11.3% to 21.40.
Friday is OPEX, and regardless of how the week settles, the immediate outlook is distinctly bearish. Any price action <4230 would offer psy' 4K within days.
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Goodnight
from London
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