At-a-Glance
Key Takeaways with Craig
Despite hotter than expected inflation readings in both the CPI and PPI this week, US Equity prices rallied and Treasury yields were near steady on the week. Overall, volatility in almost all the products we normally look at declined on the week. The recap of net price and volatility changes, using QuikStrike and CVOL data can be found below.
- The Nasdaq led equities higher, up by about 3% on the week, while implied volatility in all the major equity indexes declined in CME’s options markets.
- Both WTI Crude Oil and Gold prices were nearly unchanged on the week. CVOL in the WTI Crude Oil options fell, while Gold CVOL bucked the overall trend, rising from about 16 to 17.
- Euro FX futures prices gained versus the US Dollar, while CVOL came off substantially.
- As is sometimes the case during these winter months, Nat Gas prices remain volatile, up by about 12% this week.
- Finally, after a rally this afternoon, Bitcoin futures prices ended up about 1% higher on the week.
So that’s where we stand on this Valentine’s Day. We hope all our readers have a safe and happy weekend. We’ll be back on Tuesday after the President’s Day holiday on Monday.
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