Key Takeaways with Craig
US Equities had a rough start to 2022, capped off by another down day today after a December Jobs report that indicated fewer jobs than was the consensus estimate. Using QuikStrike data, we’ve recapped below the net price and volatility changes of 2022’s first week in some of CME’s major products in a format that should be familiar to regular In FOCUS readers.
- Both E-mini S&P 500 and Nasdaq-100 prices were lower, with Nasdaq underperforming as Treasury yields continue to rise. Implied volatility in the options markets of both indexes traded substantially higher
- WTI Crude Oil futures prices ticked down today, but were higher on the week
- As mentioned before, the yield in the Micro 10-Year Treasury future rose by about 20 basis points
- Cryptocurrency futures prices have sold off this week; Bitcoin futures prices were trading under 42,000 at the time of this writing
We hope that the first week of the year finds our In FOCUS readers happy and healthy and, if you’re in Chicago, staying warm! Have a great winter weekend and we’ll see you on Monday.
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