At-a-Glance
Key Takeaways with Craig
US Equity Index prices reversed recent declines to end the first week of the new year as all four major US indexes saw strong rallies today. Yesterday, we looked at the overall 2024 performance in some of CME’s major products, so today we’ll zoom in on what happened this week for those who stayed “unplugged” for some, or all, of this week. The following chart was compiled using QuikStrike and CVOL data and shows the net change in price and volatility in those products:
- After today’s rally, CME’s E-mini S&P 500 and Nasdaq-100 both wound up down by about 1% on the week, while the small-cap Russell 2000 notched small gains.
- WTI Crude Oil futures prices rose by about 5% to levels last seen in October.
- Gold prices gave back some of yesterday’s gains to wind up higher by about 1%.
- CME’s Euro FX future fell by about 1% while CVOL in the options market spiked to near multi-month high levels.
- After another rally today, Bitcoin futures prices gained about 4% on the week.
As always, we wish all of our readers a safe and happy weekend and we’ll see you on Monday to begin the first full week of 2025!
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