Markets drift as volatility and yields rise again.
Today's market activity is characterized by a lack of significant movement, with most major indices showing minimal changes. Bitcoin and Ethereum both dipped slightly, down 0.64% and 0.63% respectively, while the Dow and S&P 500 saw marginal declines of 0.06% and 0.32%. The VIX, however, experienced a notable increase of 12.19%, indicating a rise in market volatility. In the macro landscape, the US Dollar gained 0.15%, and the US 10Y yield climbed to 4.57%, up 0.64%. Overall, the tape remains dull, with no major shifts to report.
Market movements are muted, with volatility creeping higher.
- Dow — Dow moved -0.77% (z=-2.02) vs its 1m distribution
- VIX — VIX moved +12.19% (z=+1.91) vs its 1m distribution