Wednesday, 16 September 2026

Lower on a rate hike

US equity indexes closed on a weak note, SPX -33pts (0.4%) at 7552. Nasdaq comp' -0.01%. Dow -1.2%. The Transports settled -2.8%. R2K -0.4%

SPX – daily

VIX – daily

Summary

US equities opened positive, printing a high of 7626. As expected, the Fed raised rates by +25bps to 3.75-4.00%, with the SPX washing out to 7507, and settling at 7552. 

Volatility picked up, printing 18.94, and settling +3.0% to 17.71

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It will be Fall... next Wednesday

 

Bullish golden sunshine

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