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The VIX is holding near its 50-day moving average at 25.54. Volatility remains elevated but is compressing. A breakdown in the VIX below 24 could reinforce bullish equity momentum.
Commodities, Crypto, and Bonds
Gold is down 0.9% to $3,286/oz as a stronger dollar and easing trade fears sap safe-haven demand. Brent crude trades at $63.06 (-1.85%), WTI at $59.38 (-1.7%), both set for their worst monthly drop in over three years. Treasury yields are near three-week lows, with the 10-year at 4.16% and 2-year at 3.64%, reflecting increased recession concerns.
The Day Ahead Outlook
Markets face a potential inflection point. With key macro reports compressed into a 45-minute window, traders will be reacting quickly to signals on growth, inflation, and labor costs.
A downside GDP surprise or hot core PCE could recalibrate rate cut expectations and hit risk appetite. Layer on pivotal earnings from Microsoft and Meta after the bell, and this session becomes a macro-tech crossroad.
Tech has led the recent rebound—disappointments here could unwind that momentum. Traders should be prepared for whipsaw moves and look for clarity from today’s economic prints and mega-cap earnings headlines.
More Information in our Economic Calendar.
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