US equity indexes closed very significantly higher, SPX +79pts (1.9%) at 4317. Nasdaq comp' +1.8%. Dow +1.7%. The Transports settled +1.9%. R2K 2.7%
SPX - daily
VIX - daily
Summary
US equities opened broadly higher, with the SPX clawing upward into the late afternoon, settling at 4317.
Volatility was ground lower, the VIX settling -7.2% at 15.66.
Having printed 4103 last Friday, its incredible how quickly the mainstream cheerleaders and 'smart guys regain their confidence. After all, why worry? The Fed just held rates, and the situation in the middle east won't get worse, right?
EVERYTHING is fine, and I'm well aware that some believe we're headed straight up to new historic highs.
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Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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