Thursday, 30 January 2025

Tariff man strikes into the close

US equity indexes mostly closed on a positive note, SPX +31pts (0.5%) at 6071. Nasdaq comp' +0.25%. Dow +0.4%. The Transports settled -0.9%. R2K +1.0%

SPX - daily

VIX - daily

Summary

US equities mostly (Transports was skewed due to UPS) opened on a positive note, and saw positive leaning chop across into the mid afternoon.

President Trump... aka... Tariff Man, suggested he wanted a 25% tariff on Canadian and Mexican goods, the SPX cooling back from 6086 to 6039, if recovering to 6071.

Volatility was subdued into the afternoon, spiking on Trump, the VIX printing 16.42, if cooling back to  settling -4.3% at 15.84. 

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Yes, its been rainy lately


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

Goodnight from London
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