Spot vs futures trading in equities is showing diverging signals this week. Spot prices for S&P 500 components rose 0.8% in early Wednesday trade, while futures contracts slipped 0.3%, hinting at cautious sentiment ahead of the Federal Reserve minutes release. Traders are watching for volatility spikes. Next Game: Bye Week Last Game: 248 passing yards on 29/39, 3 TDs at Penn State (30-24 2 OT win) Season Stats: 1,210 passing yards, 74.6 comp %, 14 TDs, 1 INT Natural gas futures trended lower through early afternoon trading amid plump supply readings and forecasts for benign weather. Spot vs futures signals in consumer staples remain aligned, both up 0.5%, reflecting steady defensive interest as traders seek low-beta positions amid geopolitical uncertainty.