Key Takeaways with Craig

If you just looked at the net price change on the week in the E-mini Nasdaq-100 and S&P 500, you might think it was an uneventful week.  However, in before winding up nearly unchanged on the week, the major indexes sold off earlier then roared back yesterday before finishing mixed today.  After the dust had settled though, the prices were nearly where they began and implied volatility was slightly lower.  Below is the complete weekly recap using data from QuikStrike, CME Direct and CVOL. 

  • US 10-Year Treasury Yield futures were lower by about 4 basis points, but were higher in the 2-Year, leading to a widening in that inversion to about 40 basis points.  CVOL traded marginally higher in all tenors. 
  • WTI Crude Oil futures prices remain rangebound and CVOL, while slightly higher, remains low relative to the last 12 months.
  • Euro FX futures were higher versus the US Dollar, though CVOL in the options remains at 2+ year lows.
  • CME Grains markets were active this week as Soybean and Corn futures prices were 3 and 4% higher, respectively.  CVOL levels traded higher.
  • Natural Gas futures prices, while still relatively low, were higher by about 5% on the week.

As always, we hope all of our In FOCUS readers have a healthy, happy and safe weekend and we’ll be back on Monday.  

Today's Future Price Action

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