$S&P 500(.SPX)$ $NASDAQ 100(NDX)$ $NASDAQ(.IXIC)$ $Cboe Volatility Index(VIX)$ $Micro 10-Year Yield - main 2205(10Ymain)$
No help from CPI.
Analysts say the market is in a fragile place...
Preliminary session:
After initially trying to find good news in the report, stocks turned negative in the early afternoon and then continued to fall from there. The S&P 500 closed down 1.65%, near its low for the day.
Bear market territory would be rapidly approaching with the index now down 18% from its January 3 high.
The Nasdaq Composite continues to bear the brunt of investor concerns, however. The tech-heavy index fell another 3.2%, putting it down 29% from its peak in November.
- For those still holding the account, that would send the Nasdaq into a bear market, defined as a loss of 20% or more.
US Treasury prices behaved similarly after the release of the CPI figure as CME's Micro Treasury Yield contracts initially rose and then fell, at least at the longer end of the curve. yields.
A lot of pessimism... maybe
- SPX at new recent lows, and VIX not at new recent highs...
- Same for NASDAQ...
Thanks, for reading.
@Do_Trading
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