At-a-Glance
Key Takeaways with Craig
As we find ourselves on Christmas Eve eve, we’re writing the last In FOCUS of 2024! We’ll recap the year officially on January 2nd, but, on a year that saw record high prices in US Stock Indexes, Gold and Crypto, we thought we’d produce a “preliminary” year in review. Below are the year-to-date net changes in price and volatility in some of CME’s major products, using QuikStrike and CVOL data, as of mid-day action.
- US Equity Indexes, as we stated, hit record levels this year and the strong performance is reflected in the chart below. Somewhat interestingly, volatility in the options is higher than it was at the end of 2023.
- WTI Crude Oil options are one of the only options markets in which CVOL is higher than it was on the last day of trading in 2023.
- It was an exciting year in the interest rates markets, during which the FOMC raised its Fed Funds target rate, while Treasury yields rose. We also saw the yield curve return to “normal” between the 2s and 10s.
- Of course, as has been well-reported, with the post-election rally, Bitcoin futures hit all-time high prices last week, though have come off those highs since then.
As we said, a lot can still happen over the last trading week of the year, so we’ll be back after the New Year to provide a final recap of 2024.
We hope all of our readers have enjoyed reading our newsletter as much as we’ve enjoyed producing it this year. We wish everyone a wonderful holiday season and we’ll see you next week!!
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