US equity indexes closed very significantly lower, SPX -100pts (1.8%) at 5346. Nasdaq comp' -2.4%. Dow -1.5%. The Transports settled -2.7%. R2K -3.5%
SPX - daily
VIX - daily
Summary
Monthly jobs: 114k vs 179k (prior rev')
Headline jobless rate: 4.3% vs 4.1% prior
Av' workweek: 34.2hrs vs 34.3 prior
Even before the data, the SPX was -60pts. With 'bad news' being seen as 'bad news', the SPX was -100pts in pre-market.
Equities opened significantly lower, with the SPX spiraling to 5302. There were a few vain bounce attempts, the SPX settling at 5346.
Volatility hyper spiked, the VIX printing 29.66 - the highest since March 15th 2023, and cooling back to settling +25.8% to 23.39. The VIX weekly settlement above the key 20 threshold leans net bearish for Monday, threatening SPX 5125 or so.
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More green than equities
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| A fine day |
Extra charts in AH (usually around 5pm EDT) @
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Goodnight
from London
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