Tuesday, 12 August 2025

CPI remains warm

US equity indexes closed significantly higher, SPX +72pts (1.1%) at 6445. Nasdaq comp' +1.4%. Dow +1.1%. The Transports settled +3.0%. R2K +3.0%

SPX - daily

VIX - daily

Summary

Headline y/y: 2.7% vs 2.7% prior
Core y/y: 3.1% vs 2.9% prior

... as CPI remains warm, but US equities opened broadly higher, and whilst there was an opening downside reversal, there was a secondary push upward, with the SPX printing a new hist' high of 6446, and settling at 6445.

Volatility was ground lower, the VIX settling -9.3% to 14.73.


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

Goodnight from London
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