Equity markets showed mixed signals with a risk-off sentiment. The Dow Jones hit a new high before turning lower, while the S&P 500 futures and Nasdaq-100 futures fell, with Nvidia down over 2%. There appears to be a rotation out of technology stocks and into small caps. All eyes are on Jackson Hole for clues on interest rates from the Federal Reserve, with the CME FedWatch tool showing an 85% probability of a rate cut at the September meeting. In the options market, put volume in S&P 500 futures is heavy, while short-term call volume in E-mini Russell 2000 futures surged. Meanwhile, Bitcoin traded below $113,000, and ether fell over 4%, aligning with the risk-off sentiment. In other news, the new CME E-mini S&P/BMV IPC futures contract, which offers a way to gain exposure to Mexican equities, is now live.