Markets drift as volatility stirs in the background
Today's session reveals a lackluster performance across major indices. The Dow and S&P 500 both slipped, down 0.59% and 0.19% respectively, while the Nasdaq barely moved, down just 0.05%. In contrast, Bitcoin and Ethereum showed slight gains, up 0.75% and 1.27%. The VIX, however, saw a notable uptick of 12.19%, indicating a rise in market anxiety despite the overall calm in price movements. With the US 10Y yield climbing 1.26%, the macro backdrop remains mixed but stable.
Market movements are muted, but volatility is creeping in.
- Dow — Dow moved -0.77% (z=-2.02) vs its 1m distribution
- VIX — VIX moved +12.19% (z=+1.91) vs its 1m distribution