ES Closes Green At 40% Below Average Volume

Tyler Durden's picture

The ES traded 1.9 million contracts today, compared to a 20 Day average of 3.1 million. That's almost 40% below average. No wonder FX has recoupled form equities - nobody cares to hedge the EUR pair with stocks anymore, as nobody is trading stocks anymore. But yes, volume was non-existant as has been the case in 95% of the time when stocks finish marginally higher over the past year.