Friday, 20 March 2026

A bearish Quad-Opex

US equity indexes closed significantly lower, SPX -100pts (1.5%) at 6506. Nasdaq comp' -2.0%. Dow -1.0%. The Transports settled -0.5%. R2K -2.3%

SPX - daily


VIX - daily

Summary

US equities opened on a weak note. There were numerous bounce attempts, but all failing, with the SPX printing a new multi-month low of 6473, and settling at 6506.  

Volatility picked up, the VIX printing a high of 29.28, and settling +11.3% to 26.78. 

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Day one of spring

 

The construction continues
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