At-a-Glance
Today’s Top Highlights
Today started the large economic data release for the week with the unemployment rate and nonfarm payrolls data coming out this morning. Both of these reports came in better than expected, and the nonfarm payrolls number was a big beat and the highest level seen since July of 2025 at 130k. The precious metals broadly rose today led by Silver trading up over 4.5% on the day while Gold was up right near 1.5%, and with the recent price swings seen across the asset class it feels like a slow day. Also, the contract volatility in the Gold market has dropped significantly relative to the price since the start of February after seeing a dramatic rise throughout January.
Equity markets saw a mixed result today with some back and forth price action and the S&P and Nasdaq were able to trade marginally higher while the Russell fell by nearly 0.3%. In the morning, the Dollar extended gains and then came back to near unchanged on the day which had an effect on markets broadly. For the rest of the week, there will be a CPI report released, and the implied volatility heading into that day is even higher than the market priced in for today where there were 2 critical reports, so traders will be looking at markets broadly to see where the volatility hits.
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