Tuesday 5 March 2024

Pre-Powell depression

US equity indexes closed significantly lower, SPX -52pts (1.0%) at 5078. Nasdaq comp' -1.6%. Dow -1.0%. The Transports settled -1.0%. R2K -1.0%

SPX - daily

VIX - daily

Summary

US equities opened moderately lower, with the SPX falling to 5056, if recovering to settle at 5078.

Volatility picked up, the VIX printing 15.10, if cooling back to settle +7.2% to 14.46.


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

Goodnight from London
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