US equity indexes closed very significantly higher, SPX +107pts (1.8%) at 5949. Nasdaq comp' +2.4%. Dow +1.6%. The Transports settled +1.0%. R2K +2.0%
SPX - daily
VIX - daily
Summary
The day began with the latest CPI data...
Headline y/y: 2.9% vs 2.7% prior
Core y/y: 3.2% vs 3.3% prior
Mr Market saw that as #everythingisfine, with the SPX opening very significantly higher, printing 5950. There was cooling to 5916, with another push upward to 5960, and settling at 5949.
Volatility was duly crushed, the VIX settling -13.8% to 16.12.
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Goodnight
from London
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