Key Takeaways with Craig
US Equity prices rallied again today on the heels of strong earnings reports from a couple of major tech companies. So, as the dust settles on another volatile month, we’ve used QuikStrike data to look back on the net price and volatility changes in some of CME’s major products in the chart below.
- After the recent rallies, E-mini S&P 500 and Nasdaq-100 indexes gained 9 and 13% respectively. Implied volatility in the options markets declined substantially.
- WTI Crude Oil futures prices declined by about 7% and implied volatility declined here as well.
- Gold futures prices continue to trade in a relatively tight range.
- US Treasury Yields declined on the month and the Micro 2-Year Yield continues to trade about 20 basis points higher than the 10-Year.
- Natural Gas futures price and implied volatility spiked higher on the month.
- Cryptocurrencies have rallied recently while options volatility in bitcoin futures options declined.
So, as we move in to the dog days of August, we’ll be here reporting on CME markets throughout. Have a wonderful weekend and we’ll see you on Monday.
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