US equity indexes closed significantly higher, SPX +50pts (1.2%) at 4308. Nasdaq comp' +1.6%. Dow +0.9%. The Transports settled +0.9%. R2K +0.9%
SPX - daily
VIX - daily
Summary
The day began with...
Net jobs: +336K
Headline rate: 3.8% vs 3.8% prior
Mr Market saw the good news as bad news, taking a significant swing lower. The US 10yr yield printed 4.887%, with the SPX seeing a pre-market low of -45pts or so, if recovering to open moderately lower.
The SPX cooled to 4219, just 3pts above the recent low. From there... an increasingly strong upside reversal, with all the indexes building significant gains into the mid afternoon. The late afternoon saw some weak leaning chop, settling sig' higher at 4308.
Volatility was mixed, the VIX printing a (cash market) high of 19.54, but cooling back to settle -5.6% to 17.45.
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Goodnight from London
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