Wednesday, 7 October 2026

Midweek cooling

US equity indexes closed broadly lower, SPX -17pts (0.2%) at 7801. Nasdaq comp' -0.2%. Dow -0.7%. The Transports settled -0.9%. R2K -1.3%

SPX – daily

VIX – daily

Summary

Red indexes, although nothing that merits any bearish hysteria.
I lean net bearish into next week.

Volatility was mixed, the VIX printing a high of 15.93, but cooling back to settle +0.5% at 15.08 
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