Key Takeaways with Craig

US Equity prices traded mostly lower to end a week that saw a consumer inflation report come in line with expectations and a higher-than-expected producer price report.  After the dust had settled, E-mini S&P 500 futures prices were nearly unchanged, while Nasdaq-100 was down by about 1%.   Find our recap of weekly net price and volatility changes, complied used QuikStrike and CVOL data below:

  • As stated, US Equity indexes were slightly lower on the week and implied volatility was nearly unchanged in the options.
  • WTI Crude Oil prices climbed by about 4% on the week, though CVOL remains relatively low.
  • Gold futures prices were near steady, while volatility sold-off in the options, according to CVOL levels.
  • US Treasury Yields climbed, slightly more in the 2s than the 10s, widening the longest 2s/10s inversion in history, by a few basis points.  CVOL in CME’s 10-Year options is the lowest it’s been in at least a year.
  • After falling from over 73k earlier in the week, Bitcoin futures prices wound up below 70k, while implied volatility remains elevated. 

That’s where we stand as we move into the second half of March.  As always, we wish all of our In FOCUS readers a happy and healthy weekend and we’ll see you Monday.  

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