Wednesday, 18 March 2026

A red Fed Day

US equity indexes closed significantly lower, SPX -91pts (1.4%) at 6625. Nasdaq comp' -1.5%. Dow -1.6%. The Transports settled -1.1%. R2K -1.6% 

SPX - daily


VIX - daily


Summary

Equities opened on a weak note. The Fed issued a press release at 2pm, that noted no change in rates. The Powell duly appeared at 2.30pm...


Equities slid into the close, printing a new multi-month low of 6621, and settling sig' lower at 6624.

Volatility picked up, the VIX settling +12.2% to 25.09.  
-

A fine Wednesday

 

United Airlines (UAL)



Spring begins... Friday
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