Investors press pause with stocks largely steady as Federal Reserve decision looms
Miners fall as China aims to cool soaring commodity prices. European stocks inched up on Wednesday, while U.S. equity futures traded flat as investors waited for the outcome of a Federal Reserve policy meeting due later. Miners were lower as China took aim at soaring commodity prices.The Stoxx Europe 600 index rose 0.1% , the German DAX was down 0.3%, the French CAC 40 was up 0.1% and the FTSE 100 index was up 0.1%.U.S. equity futures held steady a day after the S&P 500 and Nasdaq Composite back
Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets
Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis