The U.S. is the most important financial market in the world, and in the last few days it has been the most depressingly slow place to be in. Today we had a total of 562K ES minis trade, quite pathetic. S&P Futures (ES) are down a massive -1.50 handles <sarcasm> to 1835 even. Bonds had a bounce, taking the yield on the 10Y below 3% to 2.976%. Precious metals and the dollar were taken lower, with Gold -1.5% and Silver -2.36%.
VIX popped almost 9% higher on the day to 13.56, despite lack of movement in the SPX today. VIX Futures were also bid higher. Volume was decent in the VIX, with over 520K contracts trading.