At-a-Glance
Key Takeaways with Craig
For the final time this week, we’re writing the Key Takeaways section during mid-afternoon trading action so prices, especially given the recent market conditions may have changed by the time we publish. After selling off overnight, CME Equity Indexes continued lower near the cash equity market open this morning. However, during morning trading, equity prices reversed and remained higher through the day. As of mid-afternoon, Equity Indexes were higher by between about 1 and 2.5%. Implied volatility in the options markets declined, but remains elevated relative to the levels we saw a week or so ago.
WTI Crude Oil futures prices, which were trading above $80 per barrel just about a week and half ago, were up slightly today but are still trading at under $69 per barrel. We’ve been featuring the Interest Rates graph all week so we thought we’d include the price and CVOL graphs showing the significant moves in WTI Crude Oil today. The dotted line in the CVOL graph below shows the decline in price we’ve seen over the last several days and the solid line shows the spike in volatility.
Have a great night and we’ll be back to recap this action-packed week tomorrow.
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