Futures are up modestly after another vol crush ahead of the Thanksgiving holiday.

continued for members…

Lots of economic data due out today…even more which was delayed. But, note that GDP was much higher than expected and employment seems to be holding up. Seems to me that the recent runup in odds of a rate cut in December is overdone.

Will VX continue to be thwarted by the TL from VX’s April highs……or its SMA50?

Another quiet day for the currencies…

The 10Y is back above 4%, closing the gap created yesterday.

While CL and RB remain subdued.

US markets are closed tomorrow for Thanksgiving. I also plan on taking Friday off, but will post if something significant occurs..

GLTA