Key Takeaways with Craig
After another week that saw US Equity markets sell-off and commodity markets rise, we’ve once again used QuikStrike data to chart the net changes in price and implied volatility on the week in some of CME’s major products. Keep in mind, in order to meet publishing deadlines, we created the chart below with about 1 hour left in cash equity market trading so, especially given the recent volatility, prices may have changed by the time we publish. But, with one hour left:
- US Equity Indexes were lower once again with the E-mini S&P 500 down about 5% on the week and the Nasdaq-100 down by about 7%. Somewhat interestingly, implied volatility in the S&P 500 options was actually down slightly on the week.
- WTI Crude Oil rose again this week and is trading over $110 per barrel; implied volatility in the options declined.
- Gold was also up this week, particularly over the last couple of days and volatility rose as well
- Treasury yields declined with the Micro 10-Year Yield down by about 22 basis points
- Natural Gas rose again and implied volatility is trading at a historically high 89%
So, again, we play the broken record as volatility continues to characterize CME markets. We hope all of our In FOCUS readers enjoy the spring weekend and we’ll see you on Monday.
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