Daily Research — Sunday, July 19, 2026

The VIX, a measure of market volatility, saw a significant increase of 12.19% d/d, registering a z-score of +1.91 against its 1-month distribution. Concurrently, WTI crude oil experienced a substantial rise of 4.48% d/d. The US 10Y yield showed a minor decrease of 0.61% d/d, while the DXY remained largely flat with a +0.02% d/d change.

Increased market volatility, as indicated by the VIX, coincided with a notable upward movement in crude oil prices.

WTI crude oil posted a 4.48% d/d gain, indicating a strong daily performance. Gold also saw an increase, moving up 0.68% d/d. These movements suggest a degree of commodity strength despite broader market shifts.

Both WTI crude and gold demonstrated positive daily performance, with crude showing a particularly strong upward trend.

US equity markets experienced a downturn, with the Dow declining by 0.77% d/d (z=-2.02) and the S&P 500 by 1.01% d/d (z=-1.65). The Nasdaq also fell by 1.40% d/d. These movements, particularly the Dow's z-score, indicate a notable deviation from recent performance.

All major US equity indices closed lower, with the Dow and S&P 500 showing statistically significant negative deviations from their 1-month averages.

Bitcoin recorded a 1.23% d/d increase, while Ethereum followed suit with a 1.03% d/d gain. Both major cryptocurrencies showed positive daily performance, contrasting with the broader equity market. Their z-scores were negligible.

Bitcoin and Ethereum both posted modest gains, indicating a positive daily trend in the cryptocurrency market.