A Tactical Traders Delight May Be Just Getting Started - 2026 - Gold, silver, copper, the S&P 500, Bitcoin and US natural gas have turned 1Q gains into declines. How sustainable are the pumps-then-dumps? Crude oil may be next. That S&P 500 60-day volatility at about 12% (less than half the VIX) is still down in 2026, may suggest early days for a trading year to mirror 2001, 2008 and 2022. High VIX vs. low realized volatility means more hedging than actual selling, so far. Full report on the terminal here: https://blinks.bloomberg.com/news/stories/tc7027kgifwr {BI COMD} #crudeoil #stockmarket #commodities @BBGIntelligence(Mike McGlone)