Derivatives volume got a monster lift

Derivatives volume got a monster lift

Average daily turnover in interest rate derivatives markets surged by 87% between April 2022 and 2025 to $25 trillion per day. The move was fueled by the cash-futures basis trade and shifts in monetary policy, amid structural shifts due to the Libor reform.

Gobble's Take: When the plumbing gets this active, traders should assume the floor is vibrating. Source: Perplexity Search (evergreen)

SPX is still being framed in bullish pattern-trade language

In Frank Cappelleri’s Opening Look note, the S&P 500 moved closer to its 6,920 target and closed within 50 basis points of that level on Monday. The larger structure is being categorized as a bullish cup-and-handle breakout, with a measured-move target of 7,475 for the SPX — roughly 8.5% upside from current levels.

Gobble's Take: This is the kind of chart talk that keeps the bulls grinning and the skeptics squinting. Source: Perplexity Search (community: Reddit/HN)

Heat maps are built to spot the action fast

Barchart’s Major Markets Heat Map is a visual representation of performance across a sector or index, arranged by market cap from largest rectangle to smallest. You can switch sector or index, pick the time frame, and choose metrics like market cap, P/E, EPS, annual income, 60-month beta, annual dividend, or dividend yield.

Gobble's Take: If you like your market scan compressed into colored boxes, this is your arcade cabinet. Source: Perplexity Search (evergreen)

In Case You Missed It

Yesterday's top stories:

• S&P 500 keeps climbing, but the rally is getting narrower
• Broad-based rebound, but the hot money is doing the heavy lifting
• Nasdaq and Dow: one leading on the way up, the other wobbling after new highs