Thursday, 3 April 2025

Post liberation horror

US equity indexes closed very powerfully lower, SPX -274pts (4.8%) at 5396. Nasdaq comp' -6.0%. Dow -4.0%. The Transports settled -9.1%. R2K -6.4%

SPX - daily

VIX - daily

Summary

US equities opened powerfully lower, with the market upset with the (Wednesday AH) Trump tariff announcement. The SPX printed 5415, with a vain bounce to 5483. The late afternoon saw a new cycle low of 5390, and settling at 5396. On any basis... pretty horrific, but then... it was a Thursday.

Volatility spiked, the VIX settling +39.6% to 30.02... the highest since August 2024.


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

Goodnight from London
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