Wednesday, 7 May 2025

Mr Too Late

US equity indexes closed moderately higher, SPX +24pts (0.4%) at 5631. Nasdaq comp' +0.3%. Dow +0.7%. The Transports settled +0.7%. R2K +0.4% 

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, if leaning on the upward side. The SPX printing a high of 5649

The Powell duly appeared at 2.30pm...

Powell, aka... Mr Too Late


Equities saw a little cooling to 5578, but a mini spike to 5654, and settling moderately higher at 5631.

Volatility was mixed, the VIX printing 25.62, but cooling back to settle -4.9% to 23.55.


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

Goodnight from London
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