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Crude oil is rallying, bonds are selling off, and the stock market is under pressure. Investors sold Big Tech stocks after earnings and the 10-year Treasury yield
just touched 4.7%, the highest since January 2025.
In many ways it looks like the setup from March that presaged a monthlong sell-off in stocks as the Iran war escalated beyond investor expectations. Yet the S&P 500
To find clues on whether the stock market is going to get more volatile or break down further, options traders are monitoring what a buildup in trading around specific levels in the S&P 500 says about the positioning of big institutional traders who supply liquidity by buying and selling securities.













