Free Trial

Quadruple Witching Rocks Stocks

EQUITIES

US equity markets sold off into the Friday close, with the e-mini S&P testing the Wednesday lows at 3680. As was the case at the open, no real headline catalyst or driver for the pull lower in equities, but volatility being propped up by quadruple witching as stock index futures & options and single stock futures & options all expire.

Real estate led losses in US equity space, closely followed by energy, with all ten sectors in the red.

The VIX saw decent support after a few sessions of losses, but gains were thin ahead of the Christmas break.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.