Wednesday, 29 January 2025

Moderately bearish Powell

US equity indexes closed on a weak note, SPX -28pts (0.5%) at 6039. Nasdaq comp' -0.5%. Dow -0.3%. The Transports settled -0.2%. R2K -0.2%

SPX - daily

VIX - daily

Summary

US equities saw a natural holding pattern into the 2pm press release from Print Central. Rates were not surprisingly left unchanged. The Powell duly appeared...

There were a few bounce attempts, but the main market settled on a weak note.

Volatility was a little mixed, the VIX settling +0.9% at 16.56.


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

Goodnight from London
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