US equity indexes closed monstrously higher, SPX +474pts (9.5%) at 5456. Nasdaq comp' +12.2%. Dow +7.9%. The Transports settled +10.1%. R2K +8.5%
SPX - daily
VIX - daily
Summary
Overnight action wasn't pretty, with the SPX some -150pts, an effective test of the Monday low of 4835. There was a pre-market recovery, with equities opening moderately lower. The SPX printed 4948, but leaned upward into the early afternoon.
Tariff news saw a monstrous ramp, the SPX printing 5481, and settling at 5456.
Volatility saw an early high of 52.56, but with the tariff news, VIX was crushed, printing 31.90, and settling -35.7% to 33.62.
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| A very sunny... and bullish Wednesday |
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Goodnight
from London
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