Wednesday, 16 July 2025

Powell remains

US equity indexes mostly closed on a positive note, SPX +19pts (0.3%) at 6263. Nasdaq comp' +0.2%. Dow +0.5%. The Transports settled -0.1%. R2K +1.0%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat. Late morning saw a rumour that Trump might attempt to fire Powell, with the SPX printing 6201. There was a bounce... as Trump refuted (some) of the rumour, settling at 6263.

Volatility was mixed, the VIX printing a high of 19.48, but settling -1.3% to 17.16.


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

Goodnight from London
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