Live index futures risk-on sentiment dominates live index

Risk-on sentiment dominates live index futures trading this morning, driven by signs of economic stabilization in Asia. Investors are increasing exposure to cyclical stocks, while options markets price lower implied volatility over the next week. Realistically, what can be done here? You can’t tangibly invest more in a roster or a coaching staff than what Penn State did this year. They went all-in. They had a team they thought could win a national championship. Being 3-2 at this stage, with a road game at Ohio State still to come, is probably a death knell for their College Football Playoff chances . Before Monday's breakdown, bitcoin had only briefly broken below $80,000 in early March and spent most of the last month holding in the low $80,000s while the stock market slowly lost steam. Defensive positioning in live index futures is fading as volatility indices retreat. S&P 500 futures advance 0.3%, confirming risk appetite has improved following stabilizing macroeconomic signals from Europe.