Closing Bell 08-22-2022

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.