Markets edge higher as S&P 500 closes up 0.83% and VIX hits second-lowest level of the year at around 14. Traders anticipate potential "Santa Claus rally" during final five trading days of 2024 and first two of 2025.

Volatility collapsed sharply across equity markets with VVIX plunging to 83 despite strong trading volumes last week. Micron's earnings surprise provided unexpected momentum, beating revenue expectations by $2.6 billion.

The week ahead features shortened holiday trading (markets close at 1pm ET Wednesday and remain closed Thursday for Christmas). Expected move in ES options shows just 57 points (~0.8%) priced in for the coming week, reflecting anticipated low volume conditions.

Metals markets maintain volatility with silver approaching fresh highs. Analysts note disconnect between falling equity volatility and sustained precious metals momentum, suggesting multiple market narratives rather than simple risk-on/risk-off dynamics.

Markets edge higher as S&P 500 closes up 0.83% and VIX hits second-lowest level of the year at around 14. Traders anticipate potential "Santa Claus rally" during final five trading days of 2024 and first two of 2025.

Volatility collapsed sharply across equity markets with VVIX plunging to 83 despite strong trading volumes last week. Micron's earnings surprise provided unexpected momentum, beating revenue expectations by $2.6 billion.

The week ahead features shortened holiday trading (markets close at 1pm ET Wednesday and remain closed Thursday for Christmas). Expected move in ES options shows just 57 points (~0.8%) priced in for the coming week, reflecting anticipated low volume conditions.

Metals markets maintain volatility with silver approaching fresh highs. Analysts note disconnect between falling equity volatility and sustained precious metals momentum, suggesting multiple market narratives rather than simple risk-on/risk-off dynamics.