Today, global markets resumed their favorable atmosphere over less risk of hospitalization with omicron, which languished investor sentiment last month. Commodities and bonds moved mildly. The S&P futures moved higher ahead of real consumer spending and core inflation data, releasing at 8:30 am ET, impacting the following year’s monetary policy.
More optimistic consumer sentiment, decreased VIX levels, and favorable volatility term structure develop supportive implications.
Yesterday, thin liquidity and low breadth resulted in closing SPX higher. This inferior structure could result in technical flux.
Santa Claus rally is supported by positive gamma and squeezed volatility with improved price discovery.
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Sources: FT.com
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