At-a-Glance

Key Takeaways with Craig

If you were looking for volatility, the first few weeks of 2022 have not disappointed!  After another eventful week in the financial and commodity markets, we take a look at the weekly net price and implied volatility (“vol”) changes in some of CME’s major products in a format that should be familiar to regular users.  Remember, to meet publishing deadlines, we compiled the following chart in mid-afternoon trading.  Any late day price or vol moves will not be reflected. 

  • US Stocks sold off aggressively.  E-mini S&P 500 and Nasdaq-100 prices were off by 5 and 6% respectively.  Vol spiked higher on the week. 
  • Even in the face of the stock sell-off, WTI Crude Oil prices were higher on the week, though they declined over the last couple of trading days. 
  • Gold price and volatility were both near steady on the week
  • After hitting a high of over 1.90% earlier in the week, the Micro 10-Year Yield price was trading around 1.75% today
  • Cryptocurrencies have sold off with the equities again this week.  Bitcoin futures prices are down by over 10%

Like we said at the onset, the first few weeks of this year have certainly been characterized by higher volatility in many of CME’s commodity and financial markets.  We’ll be back on Monday to see what the last week of January brings us.  Have a happy and safe winter weekend!

Today's Future Price Action

Traders Resources

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