US equity indexes closed very significantly higher, SPX +88pts (1.6%) at 5543. Nasdaq comp' +2.3%. Dow +1.4%. The Transports settled +1.2%. R2K +2.6%
SPX - daily
VIX - daily
Summary
US equities opened significantly higher, partly on retail sales data. As ever though, the market can be very twisted in its interpretation of data. It should be clear... the US/global consumer is broken. Whether you want to deem the market as lying... or just plain deluded, it doesn't really matter.
The SPX clawed upward into the late afternoon to 5546, and settling at 5543.
Volatility was ground lower for the sixth day of eight, the VIX printing 14.77, and settling -5.9% to 15.23.
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Goodnight
from London
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