Market drivers and catalysts
Equities: Weak ISM services; Trump tariff threats; mixed earnings; European resilience
Volatility: VIX down to 17.85; curve in contango; expected SPX move ±33 pts
Digital assets: ETH ETF outflows hit record; IBIT, ETHA drop; SEC easing on staking
Fixed Income: US yields back up on soft US 3-year treasury auction
Currencies: USD edges lower after weak US ISM Services, JPY takes the upper hand
Commodities: Gold miners hitting record highs as rate cuts loom
Macro events: US 10-year treasury auction, Two voting FOMC members to speak










