Key Takeaways with Craig

What a difference a week makes!  After reporting on the continuing stock market sell-off last Friday, today we are here to report on a week of very strong gains in US Equity prices capped off by today’s 2.5% gains in most of the major US indexes.  As we often do on Friday’s we take a look back on the weekly net price and volatility changes in some of CME’s major products using QuikStrike data:

  • Implied volatility declined in each options market we looked at.
  • E-mini S&P 500 and Nasdaq-100 prices were both up by about 7%.  Implied volatility in the options came off sharply.
  • WTI Crude Oil rallied today to wind up just slightly lower on the week, but was down more substantially earlier. 
  • Micro 10-Year US Treasury yield declined by about 13 basis points.  After today’s steepening move, the difference between the Micro 2-Year and Micro 10-Year yield is at about 6 basis points.
  • Natural Gas prices, which we featured in yesterday’s Key Takeaways section, fell by about 9% on the week.
  • While Bitcoin implied volatility declined on the week, at 80%, it still tops all of the products we looked at.

As always, we hope all of our In FOCUS readers have a safe and happy summer weekend and we’ll see you on Monday!

Today's Future Price Action

Traders Resources

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