Markets
Market Pulse
Post-Close Edition · Thursday, April 2, 2026
Headline: Oil's 11% Spike Is Rewriting Every Inflation Forecast Made This Week Teaser: Crude just posted its biggest single-day surge in months while equities barely flinched — but $137 oil doesn't stay quiet for long. The inflation math is about to get ugly.
The Daily Digest
Top Movers
What If?
If you had put $1,000 into Crude Oil yesterday, you'd have $1,111.50 today.
The Big Picture
Here are the 5 digest updates I'm synthesizing from:1. EQUITIES — Flat Surface, Turbulent Underneath S&P 500 barely moved (+0.09% to 655.83) and the Nasdaq 100 edged up 0.11% to 584.98, but the Dow slipped 0.09% to 465.06. The real tell is the Russell 2000, up 0.69% to 251.29 — small caps outperforming large caps on a day when the Fear & Greed Index sits at 12 (Extreme Fear, per alternative.me). That's a counterintuitive divergence worth watching: either small caps are sniffing out a rotation, or they're bouncing off deeply oversold levels in a market that's still fundamentally nervous. 2. COMMODITIES — Oil Explodes, Metals Retreat Crude oil surged 11.15% to $137.92 — a move that size doesn't happen without a catalyst, whether geopolitical, supply-side, or both. Meanwhile gold dropped 1.92% to $429.41 and silver fell 3.45% to $65.79. Precious metals selling off while oil spikes is an unusual combination — it suggests the metals move may be profit-taking or margin-call liquidation rather than a genuine shift in risk appetite. Natural gas was flat at $11.35, down just 0.61%. 3. BONDS — Long End Catches a Bid The 20Y Treasury (TLT) rose 0.61% to $86.79 while its inverse (TBT) fell 1.28% to $34.70 — confirming genuine buying at the long end. Short-term Treasuries (SHY, 1-3Y) barely moved, up 0.05% to $82.36. Long bonds rallying while equities flatline and oil explodes is a flight-to-safety signal hiding in plain sight. The bond market is not buying the "oil spike = inflation = sell bonds" narrative — at least not today. **4. FX — Dollar Firms, Everything Else Sl
Fear & Greed Index
12Extreme Fear
0255075100
Market Overview
| Indices | ||
| S&P 500 | 655.83 | +0.09% |
| Nasdaq 100 | 584.98 | +0.11% |
| Dow Jones | 465.06 | -0.09% |
| Russell 2000 | 251.29 | +0.69% |
| Crypto | ||
| Bitcoin | 66,839.00 | -2.32% |
| Cardano | 0.24 | -4.12% |
| Ethereum | 2,059.54 | -4.52% |
| XRP | 1.32 | -2.79% |
| Solana | 78.97 | -4.60% |
| Commodities | ||
| Gold | 429.41 | -1.92% |
| Silver | 65.79 | -3.45% |
| Crude Oil | 137.92 | +11.15% |
| Natural Gas | 11.35 | -0.61% |
| Bonds & Rates | ||
| 20Y Treasury | 86.79 | +0.61% |
| Short 20Y | 34.70 | -1.28% |
| 1-3Y Treasury | 82.36 | +0.05% |
| Forex | ||
| EUR/USD | 106.38 | -0.40% |
| USD/JPY | 57.54 | -0.45% |
| GBP/USD | 127.05 | -0.57% |
| Dollar Index | 27.86 | +0.47% |
| Sectors | ||
| Technology | 135.99 | +0.80% |
| Energy | 59.25 | +0.47% |
| Financials | 49.53 | +0.18% |
| Healthcare | 146.81 | -0.62% |
| Utilities | 46.34 | +0.50% |
| Volatility | ||
| VIX | 33.53 | -0.12% |