Volatility Traders Awaken | August 12th, 2024

Last week saw significant market volatility, with the S&P 500 experiencing its worst trading session since September 2022 on Monday, followed by a strong recovery on Thursday. Despite this, the S&P 500 ended the week nearly flat, while the Nasdaq and Russell 2000 posted small losses. The bond market also fluctuated, with the 10-year Treasury yield rising to 3.93% after touching its lowest level of the year. This week, market focus shifts to the upcoming CPI report and retail earnings, which could influence the Federal Reserve's next interest rate decision.

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