US equity indexes closed on a positive note, SPX +20pts (0.3%) at 6849. Nasdaq comp' +0.2%. Dow +0.9%. The Transports settled +2.0%. R2K +1.9%
SPX - daily
VIX - daily
Summary
The day began in pre-market with the latest ADP jobs data...
ADP jobs: -32K vs 47K (prior rev’ from 42K)
On any basis... lousy, but in this market, bad news is often seen as good news, as it means there is higher probability of a rate cut and/or QE.
Equities opened a little weak, but all the bears could manage was 6810, before battling upward to 6862, and settling at 6849.
Volatility was ground lower, the VIX settling -3.1% to 16.08
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