US equity indexes closed significantly lower, SPX -53pts (0.9%) at 5797. Nasdaq comp’ -1.6%. Dow -1.0%. The Transports settled -1.0%. R2K -0.9%
sp’60min
Summary
closing hour action: choppy, if leaning upward. S/t momentum has started to tick back upward.
Awaiting earnings from $TSLA $LRCX $IBM $CLS $NEM $NOW $QS $VKTX $TMUS $LVS
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… and that concludes a Wednesday. It was a day for the bears… although nothing that merits any hysteria. The s/t cyclical setup favours the bulls… if only early Thurs’
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notable bond yield proxy: TNX
The US 10yr printing 4.258%
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notable bond ETF: TLT
Higher bonds > lower yields.
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notable banking ETF: KRE
Lower bond prices didn’t help the regional banks.
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A fine sunset… almost four hours ago. Have a good evening
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more later on the VIX and Indexes by 6pm EDT