Wednesday, 15 May 2024

Goldilocks CPI

US equity indexes mostly closed significantly higher, SPX +61pts (1.2%) at 5308. Nasdaq comp' +1.4%. Dow +0.9%. The Transports settled +0.1%. R2K +1.2%

SPX - daily

VIX - daily

Summary

Headline y/y: 3.4% vs 3.5% prior
Core y/y: 3.6% vs 3.8% prior

... which was enough for the market to open moderately higher, the SPX breaking a new hist' high of 5311, and settling at 5308.

Volatility was ground lower, the VIX printing 12.38, settling -7.2% to 12.45, back to levels last seen in January.
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Almost as green as the US equity market

A fine day in mid May

 

Full moon will be May 23rd



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