Friday, 10 January 2025

Good news is bad news

US equity indexes closed very significantly lower, SPX -91pts (1.5%) at 5827. Nasdaq comp' -1.6%. Dow -1.6%. The Transports settled -1.1%. R2K -2.1%

SPX - daily

VIX - daily

Summary

The day began with the monthly jobs data...
Net job gains: 256K vs 212K (prior rev')
Headline jobless rate: 4.1% vs 4.2% prior

... which was better than expected, with Mr Market deeming it a case of 'good news is bad news'.

The SPX opened broadly lower, printing a low of 5907, bouncing to 5866, and settling at 5827.

Volatility picked up, the VIX printing 20.31, if cooling back to settle +10.4% to 19.54.   

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The moon and Jupiter


The Jovian system, with the three moons (L>R) Ganymede, Io, Callisto


Full moon is next Monday, Jan'13th


As close as I can get


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

Goodnight from London
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