Markets Are Positioned for a Massive Move Post Nvidia Earnings

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S&P 500 Notícia

NVIDIA Corporation,CBOE Volatility Index

Stocks Analysis by Michael Kramer covering: S&P 500, NVIDIA Corporation, CBOE Volatility Index. Read Michael Kramer's latest article on Investing.com

Chris Waller gave the market plenty to think about when he discussed delaying rate cuts to later this year or the start of next year. He then gave a preview of Friday’s speech, mentioning that the neutral rate may be higher than previously thought.

Meanwhile, the VIX1D and the VIX 30-day were down yesterday, but I’d imagine if there was a VIX 2-Day, it would show that implied volatility was higher. Fixed strike volatility for thefor expiration on May 23 showed that IV was up across the curve and was skewed toward rising S&P 500 prices. This means that the IV rose more from the previous day for prices going higher than prices going lower.

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