Thursday, 16 October 2025

Unstable price action

US equity indexes mostly closed broadly lower, SPX -41pts (0.6%) at 6629. Nasdaq comp' -0.5%. Dow -0.6%. The Transports settled +1.0%. R2K -2.2%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, the SPX printing 6709. The gains were shaky from the start though, with a significant swing lower to 6593, and settling at broadly lower at 6629.

Volatility picked up, the VIX printing a new cycle high of 25.43, and settling +22.6% to 25.31. 

Goodnight from London
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