After a sluggish performance last week, market trading at the start of this week has been less active😢
A terribly slow start to the week after an ominous close on Friday, as markets regrouped and found their footing ahead of CPI tomorrow. There was no data of note released in the US, with Canada and Australia both on holidays as well. Volumes were around 50-60% of normal, and July's monthly volatility of 7.7% was the lowest since Dec 2019. Furthermore, July saw zero +/- 1% daily moves in SPX, rivaling the extreme doldrums we are seeing in crypto majors as well.
