Liz Dierking and Jenny Andrews navigated a volatile Tuesday morning, with S&P futures initially down 70 points before moderating to a 46-point decline. The hosts noted VIX reached an intraday high of 20.50, suggesting market anxiety despite minimal apparent catalysts.

The pair managed several earnings-related positions, closing their Palantir (PLTR) calendar for a small loss after earnings, while adjusting positions in Hymns and Unity Software (U). They also initiated new positions in Rivian (RIVN) ahead of earnings and added a Nike (NKE) jade lizard strategy.

Discussion included unusual put activity in SPX options and market sector performance data from Kai's research report. Japan emerged as the leading global market with a 37% year-to-date return, while upcoming earnings from AMD, Novo Nordisk, and McDonald's (MCD) were highlighted as potential market movers.