Monday, 3 February 2025

Tariff related swings

US equity indexes closed on a weak note, SPX -45pts (0.8%) at 5994. Nasdaq comp' -1.2%. Dow -0.3%. The Transports settled -2.3%. R2K -1.1%

SPX - daily

VIX - daily

Summary

US equity indexes opened very significantly lower on weekend tariff related headlines. The SPX printed 5923, if rebounding to 6022 on yet another tariff headline (USA/Mexico... no tariffs for a month). The afternoon saw considerable chop, with a rather weak closing hour.

Volatility was mixed, the VIX printing an opening high of 20.42, cooling to 17.71, and settling +13.3% at 18.62.

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Full moon is Feb'12th


A little closer


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

Goodnight from London
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