Friday, 23 May 2025

Tariff man strikes again

US equity indexes closed on a weak note, SPX -39pts (0.7%) at 5802. Nasdaq comp' -1.0%. Dow -0.6%. The Transports settled -0.6%. R2K -0.2% 

SPX - daily

VIX - daily

Summary

US equities were due to open broadly flat, but then El Presidente woke up, and started issuing threats against Apple and the broader EU. The SPX spiraled by around -90pts... opening at 5781. From an early low of 5767 (6pts below the daily 200dma), the market recovered up to 5829, and settling at 5802. 

Volatility spiked, the VIX printing 24.34, if cooling back to 21.36, and settling +9.9% at 22.29. 


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

Goodnight from London
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