Thursday, 5 June 2025

Elon verses Trump

US equity indexes closed on a weak note, SPX -31pts (0.5%) at 5939. Nasdaq comp' -0.8%. Dow -0.25%. The Transports settled -0.4%. R2K -0.02%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, but the SPX still clawed upward to print a new cycle high of 5999. Things turned interesting in the early afternoon...


Equities took a swing lower... and Elon really upset the market cart with...


The SPX printed 5921, and settling at 5939. Volatility was mixed, the VIX printing a new cycle low of 17.08, spiking to 18.80, and settling +4.9% to 18.48. 


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

Goodnight from London
--

 

Subscription offers > https://www.tradingsunset.com