Wednesday, 29 April 2026

Farewell to Powell

US equity indexes mostly closed a little weak, SPX -2pts (0.04%) at 7135. Nasdaq comp' +0.04%. Dow -0.6%. The Transports settled -1.0%. R2K -0.7%

SPX – daily



VIX – daily



Summary

US equities saw considerable minor chop into the 2pm FOMC. Interest rates were naturally left u/c, with Powell appearing at 2.30pm...

"Thankyou very much everyone" - Powell

 

Equities saw further chop, with the SPX settling fractionally lower at 7135. 

Volatility picked up a little, the VIX settling +5.5% to 18.81. 
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Bullish trees and bees

 

The sun is soon to set on April





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