The Calm Before The CPI

Daily Update

As of now, the day has been relatively quiet as we approach tomorrow's CPI report. The market's implied volatility appears low, indicating investors are not overly concerned about the upcoming data release. Specifically, the implied volatility of the one-week 50 Delta S&P 500 option is currently trading at 13.84%, a value that hasn't been seen in a long time one day before the CPI report.