Low volatility dominated markets with E-mini S&Ps down $2.25 at 64.80. Trading volume remained subdued at 800,000 contracts in what Tom and Tony described as a "creepy quiet" environment. All major indices showed minimal movement, with bonds dropping 17 ticks in a notably bearish move.

Bitcoin traded just under $112, with Tom predicting a potential decline to the low 80s or high 70s. The cryptocurrency had previously tested these levels in April but quickly rebounded.