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
Summary
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.
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Extra charts in AH (usually around 5pm EDT) @
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Goodnight
from London
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