Greeks.live: markets remain on the sidelines as big trades dominate this week On October 10th, Greeks.live Macro Researcher Adam posted that the U.S. CPI for September released today came in at an a

On October 10th, Greeks.live Macro Researcher Adam posted that the U.S. CPI for September released today came in at an annual rate of 2.4%, slightly higher than expected but already the lowest level of the year, with little reaction from the prices of major investments.

With the various macro data out this week and the Fed's many officials speaking at the end of the week, the market is now 82% expecting a 25Bp rate cut on November 8, 18% expecting no rate cut, and almost no traders already think there is a possibility of 50Bp.

Block trades accounted for a relatively large portion of the week's trading, with 40% of the cumulative volume coming from block trades, particularly large call option trades. Trades were more diversified in terms of type and duration, with shifting and repositioning being the main trading drivers, as the market remains largely wait-and-see.