A soft opening in Schwab futures hints at cautious positioning before the upcoming PCE inflation data. Market implied volatility remains below seasonal averages, favoring spread trades over directional plays for active investors. Percy (71) made a 15-foot eagle putt at No. 3 and did little else, with only one more birdie and two bogeys. Joining the final group will be Monday qualifier Tommy Gainey (67), who is tied for third with Søren Kjeldsen (68) at 8-under. Schwab’s strong trading platform may be especially valuable for traders or those who really like the thinkorswim platform. Schwab futures traded sideways as investors weighed strong corporate cash flows against uncertainty in fiscal policy outcomes. Increased participation in futures spread positions points to a search for relative stability.
