Wednesday 10 April 2024

Lower on CPI

US equity indexes closed significantly lower, SPX -49pts (0.9%) at 5160. Nasdaq comp' -0.8%. Dow -1.1%. The Transports settled -2.3%. R2K -2.7%

SPX - daily

VIX - daily


The day began in pre-market, with the latest CPI data... 

Headline y/y: 3.5% vs 3.2% prior
Core y/y: 3.8% vs 3.8% prior

The Liesman... an effective cheerleader of the Fed
Mr Market wasn't amused, with the natural concern that rates won't be cut, whether May 1st or June 12th. 

US equities opened significantly lower on the latest CPI data, the SPX printing 5138, if settling at 

Volatility picked up, the VIX printing 16.62, if cooling back to settle +5.8% to 15.80.

Extra charts in AH (usually around 5pm EDT) @

Goodnight from London


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