Thursday, 1 February 2024

Shrugging off Powell

US equity indexes closed significantly higher, SPX +60pts (1.2%) at 4906. Nasdaq comp' +1.3%. Dow +1.0%. The Transports settled +0.8%. R2K +1.4%

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, and whilst the gains were pretty shaky, the market battled upward into the late afternoon and settling at 4906. 

Volatility was a little mixed, the VIX printing 14.63, but cooling back to settle -3.3% to 13.88.
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The moon... in very early morning


A sunrise... is exceptionally rare for yours truly


 A fine winter's day



... and once more, night must fall.


Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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