Wednesday, 11 December 2024

Goldilocks CPI

US equity indexes closed rather mixed, SPX +49pts (0.8%) at 6084. Nasdaq comp' +1.8%. Dow -0.2%. The Transports settled -0.6%. R2K +0.5%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, with the latest CPI...

Headline y/y: 2.7% vs 2.6% prior
Core y/y: 3.3% vs 3.3% prior

The SPX battled upward to 6092, and settling broadly higher at 6084.

Volatility was ground lower, the VIX settling -4.2% to 13.58. 


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

Goodnight from London
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