Market Summary Index Value Change Percentage A disastrous day and has been for almost a week now for all indices. S&P dropped a solid 2.14 percent. Vis spiked up 15.53 percent.
Strategy
Cash out for next moderate/severe inflation (2023 most likely) News
Market Summary Index Value Change Percentage Dow 33,980.32 -180.25 -0.69 S&P 500 4,274.04 -32.31 -0.84 Nasdaq 12,938.12 -92.37 -0.81 Russel 2K 1,987.31 -5.96 -0.34 VIX 19.90 1.07 4.42 After almost a month break, I am back writing my closing bells post. Work and personal commitments kept me writing these posts regularly.
Market Summary Index Value Change Percentage Dow 31,072.61 -215.65 -0.69 S&P 500 3,830.85 -32.31 -0.84 Nasdaq 11,360.05 -92.37 -0.81 Russel 2K 1,738.42 -5.96 -0.34 VIX 25.30 1.07 4.42 What a turn of events. Dow up 350 plus in the early trading, only to close -216 at the closing. All major indices gave up their gains and went into solid red. VIX edged up almost 5 percent. At the time of writing this post, all indices futures are flat.
Market Summary Index Value Change Percentage Dow 31,288.26 -192.51 -0.62 S&P 500 3,863.16 72.78 1.92 Nasdaq 11,452.42 201.24 1.79 Russel 2K 1,744.37 36.87 2.16 VIX 24.23 -2.17 -8.22 I have taken few days break from writing my closing bell summary. Many things have happened in the last few days, unfortunately market taking a turn for the worst. All indices were mostly negative.
Market Summary Index Value Change Percentage Dow 30,981.33 -192.51 -0.62 S&P 500 3,818.80 -35.63 -0.92 Nasdaq 11,364.73 -107.87 -0.95 Russel 2K 1,728.18 -3.83 -0.22 VIX 27.29 1.12 4.28 Yet another red day - VERY red day I should add. All eyes are on tomorrow’s CPI report. I think market is pricing in a very bad news. I can’t believe Powell fooled us stating “Inflation is transitory”. What happened to the “transition”? It feels like the inflation is here to stay.
Market Summary Index Value Change Percentage Dow 31,173.84 -164.31 -0.52 S&P 500 3,854.43 -44.95 -1.15 Nasdaq 11,372.60 -262.71 -2.26 Russel 2K 1,732.01 -37.36 -2.11 VIX 26.17 1.53 6.21 Massive red day - S&P given up almost all the gains from the week prior. It appears, the market takes one step forward two step backward; I don’t see how it may change any time soon. Vix went up more than 6 percent.
Market Summary Index Value Change Percentage Dow 31,338.15 -46.40 -0.15 S&P 500 3,899.38 -3.24 -0.08 Nasdaq 11,635.31 13.96 0.12 Russel 2K 1,769.36 -0.24 -0.01 VIX 24.64 -1.44 -5.52 Volatile day with essentially flat market. All indices had an awesome week. Better than expected job data eased investors mind of recession. I still think we are either already in one or moderate recession is unavoidable.
Market Summary Index Value Change Percentage Dow 31,384.55 346.87 1.12 S&P 500 3,902.62 57.54 1.50 Nasdaq 11,621.35 259.49 2.28 Russel 2K 1,769.60 42.06 2.43 VIX 26.08 -0.65 -2.43 A massive green day today - finally! All indices are up and VIX dropping. China considers massive 250 billion dollar stimulus with historic bond sales. This news helped various chinese and us stocks that have business in China such as Tesla.
Market Summary Index Value Change Percentage Dow 31,037.68 69.86 0.23 S&P 500 3,845.08 13.69 0.36 Nasdaq 11,361.85 39.61 0.35 Russel 2K 1,727.55 -13.78 -0.79 VIX 26.73 -0.81 -2.94 So this is the trend, deep red in the morning, ends green at the end. I am not complaining, but just stating that volatility is at its worst or so it seems. All major indexes end up in green territory. Russell 2000 was down which measures growth sectors. VIX dropped another 3 percent and that is great.