The chart shows weakness and bears took control after the OIL data. On the other hand the VIX trader lower. Reuters: The S&P 500 ended flat on Wednesday, cutting its gains late in the session as commodity-related shares fell, while comments by Federal Reserve Chair Janet Yellen offered a mixed view on the rate outlook.
The market is printing -2% on good employment number from the USA and the VIX is only 8% up. Is there something that Volatility is not considering? Marketâ€™s Reaction To The Employment Data The marketâ€™s reaction to the employment data is bearish.Â The employment data shows that the economy is strong.Â The negative knee jerk
Remarks by ECB President Mario Draghi raised hopes for further monetary stimulus and buoyed stocks, while the euro traded lower against the dollar. Oil rebounded from 12-year lows on short covering. Treasuries fell on weak investor demand at $15 billion auction of 10-year TIPS and gold futures slipped.
The policy tightening kicked off by the Fed this week promises to be among the longest and slowest of modern times. The S&P500 trader lower at first then closing at the highs of the day. Today, a day later experienced a significant sell off.Â The VIX trader lower and the Yields higher The world market
Now, there is only 20 points to reach 2100 where some resistance will appear. Financial shares added gains and pushed indexes higher in volatile trade after Federal Reserve hinted a possible rate hike in December. The dollar touched its highest level against the euro in more than two months and Treasury yields rose, while gold