Wednesday, 20 March 2024

Winter concludes

US equity indexes closed significantly higher, SPX +46pts (0.9%) at 5224. Nasdaq comp' +1.2%. Dow +1.0%. The Transports settled +1.8%. R2K +1.9%

SPX - daily


VIX - daily

Summary

US equities saw micro churn into the 2pm press release from Print Central. Not surprisingly, the Fed left rates unchanged, although the SPX did battle upward to a new hist' high of 5226, and settling at 5224.

With the Fed out of the way, volatility was ground lower for a third day, the VIX settling -5.6% to 13.04.
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The sun sets on winter 2023/24







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

Goodnight from London
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