US Midday: Risk appetite firm as Fed afterglow lifts stocks and softens the VIX
S&P 500 futures, Nasdaq futures, and long-duration Treasuries are higher at midday, while the VIX is lower and the US 10-year yield is at 4.95.
Nasdaq futures +1.6731% dayPost-Fed risk appetite and tech-led buying
Volatility -9.2442% dayLower demand for protection as equities firm
US 10-year yield 4.95Rate market still repricing the Fed and growth mix
WTI crude -0.7615% dayOil is lower on the day despite a firmer 1h tone
Lead: US stocks are firm at midday, with S&P 500 futures and Nasdaq futures higher, the VIX lower, and the ten-year yield at 4.95. Session narrative: SPY is up 1.1054%, QQQ is up 1.7%, and the broad futures complex is holding gains after the Fed’s move. TLT is up 0.9273% even as the ten-year yield edges to 4.95. Cross-asset check: DXY is near 100.22, WTI crude is at 101.65, Brent is at 104.2, gold is at 4399.8, silver is up 1.9578%, and copper is up 2.4428%. Themes & continuing stories: markets are still digesting the Fed’s 3.75% to 4% range, while energy and metals trade on supply and geopolitics. What’s ahead: traders will watch whether the afternoon bid holds and how the curve reacts into the next policy catalyst.