At-a-Glance

Key Takeaways with Craig

US Equities struggled to find a clear direction today but wound up slightly higher during a quiet start to a week during which more large companies are scheduled to report earnings.  At 14.3%, 30-day implied volatility in the E-mini S&P 500 options is now as low as it’s been since January, 2022, which you can see in the QuikStrike graph below.  US Treasury yields were also higher, with the Micro 2-Year Treasury yield up 9 basis points and the 10-Year up about 8 bps.   

Other notable moves at CME were in the grains markets, which were all up by between 1 and 2% and in Natural Gas futures prices, which were up by over 8%.  Despite the move in Nat Gas prices, the CVOL level traded down to about 1 month lows.

An abbreviated version of the Key Takeaways section as it was a relatively quiet day in many of CME’s markets, but we’ll be back tomorrow reporting on any impacts corporate earnings might have on the markets.   

Today's Future Price Action

Traders Resources

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