US equity indexes closed very significantly higher, SPX +96pts (1.5%) at 6466. Nasdaq comp' +1.9%. Dow +1.9%. The Transports settled +3.3%. R2K +3.9%
SPX - daily
VIX - daily
Summary
US equities opened on a positive note. The Powell duly appeared at Jackson Hole...
Equities surged on the belief that rates will be cut Sept'17th, with the SPX printing 6478, and settling at 6466. Volatility was crushed into the weekend, the VIX settling -14.3% to 14.22.
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