(Published 1.3.13)–As we all await the very important, complex rocking NFP report due out tomorrow, today was a little wild of a day. S&P Futures (ES) initially rallied hard during the night, and were up after the ECB presser, but collapsed after the cash open, and never recovered to the overnight highs of 1839. At cash close, ES is up .75 handles at 1833 even with 1.3MM minis traded. Bonds were bid today, taking the 10Y yield to 2.963%. Oil (CL) dropped heavy today, falling over 1% at one point to touch a low of 91.24.
VIX finished the day basically unchanged at 12.89 (+.16%). It had a session high of 13.26, and a low of 12.83. VIX futures ticked higher by a fraction. Huge volume in VIX contracts, with over 950K contracts traded. It’s gonna be a big day tomorrow.
LIGHT SWEET CRUDE
VIX 10 DAY