Wednesday 1 November 2023

Net bullish Fed day

US equity indexes closed broadly higher, SPX +44pts (1.0%) at 4237. Nasdaq comp' +1.6%. Dow +0.7%. The Transports settled +0.9%. R2K +0.5%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the SPX clawing to 4229. There was some cooling to 4204, ahead of the Powell, who duly appeared at 2.30pm ET...

 
The late afternoon saw considerable swings, if ending on a positive note to settle at 4237.

Volatility was ground lower, the VIX settling -7.0% to 16.87.
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Goodnight from London
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