Wednesday, 12 February 2025

Midweek inflationary stress

US equity indexes mostly closed on a weak note, SPX -16pts (0.3%) at 6051. Nasdaq comp' +0.03%. Dow -0.5%. The Transports settled -0.4%. R2K -0.9%

SPX - daily

VIX - daily

Summary

US equities opened significantly lower on the latest CPI data...
Headline y/y/: 3.0% vs 2.9% prior
Core y/y: 3.3% vs 3.2% prior

The Powell appeared at 10am..

Ohh sure... 'The Honourable'.


Equities bounced to 6063, and settling at 6051.

Volatility was mixed, the VIX printing an opening high of 16.89, but cooling to settle -0.8% at 15.89.


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

Goodnight from London
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