Wednesday 6 November 2024

Soaring on Trump

US equity indexes closed powerfully higher, SPX +146pts (2.5%) at 5929. Nasdaq comp' +2.9%. Dow +3.6%. The Transports settled +5.4%. R2K +5.8%

SPX - daily

VIX - daily

Summary

US equities opened very significantly higher, the SPX broadly climbing across the day to print a new hist' high of 5936, and settling at 5929.

With the uncertainty of the election out of the way, volatility was crushed, the VIX printing 15.44, and settling -20.6% to 16.27. 


Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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