The Fuse
What are futures doing?
Another attempt at a bounce for the indices, perhaps this one sticks. Industrials powering up as are the ES futures, and volatility is coming in. Inflation numbers Tuesday morning.
News
Strong move up in Europe with STOXX higher by 1%, led by gains in France and Germany. Yields are lower in Germany and the US, falling oil prices aid fixed income buyers. Japan strong overnight along with Shanghai and Hong Kong, Gold up more than 1% along with silver.
Volatility
Good drop in volatility futures here with the VX down about 10%. That will lead the bulls to rally the markets further if it continues to run down. Still not out of the woods with big moves expected up and down.
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