US equity indexes closed very significantly higher, SPX +84pts (1.9%) at 4495. Nasdaq comp' +2.4%. Dow +1.4%. The Transports settled +3.3%. R2K +5.5%
SPX - daily
VIX - daily
Summary
Pre-market saw the latest CPI data...
Headline y/y: 3.2% vs 3.7% prior
Core y/y: 4.0% vs 4.1% prior
Equities jumped >60pts, with the SPX opening significantly higher. There was a morning high of 4505, with minor chop into the late afternoon. The closing hour saw a new cycle high of 4508, if cooling back to settle at 4495.
Volatility remained repressed, the VIX printing a new cycle low of 13.91, and settling -4.1% to 14.16.
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| Sunshine... after the morning flood |
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| The sunshine... made venturing outside a net positive |
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Goodnight
from London
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