Key Takeaways with Craig
US Equity prices sustained a recovery from a string of down days this week with the E-mini S&P 500 futures price up about 4% and Nasdaq-100 up by about 5%. While there is still less than an hour to go in the Equity trading week at the time of this writing, stocks are on track for a “winning” week. So let’s take a look at price and volatility action this week in other CME Group markets using QuikStrike data:
- WTI Crude Oil futures prices were down by about 1% but have rallied off of mid-week lows. Implied Volatility (“vol”) in the options has come off.
- Gold futures prices are up by 1% and vol has come down sharply.
- The Euro FX has rallied versus the US Dollar and is trading above parity again.
- The 10-Year yield was near steady on the week.
- With the recent rally, Bitcoin futures prices are up 7% on the week and above 21k again.
So with one full week in September behind us, US Equity prices are up but we also know that the next two months, historically, have been relatively volatile and we’ll be here reporting on CME markets throughout. Have a great weekend.
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