Watch the $1.3 Trillion that Follow the Author - Now

Every single ES point corresponds to roughly $11.5 billion in notional market value.

So when a thermal low like this ignites a 20–30 point upward sequence, you’re not watching a chart move —you’re watching $230–$345 billion in capital shift alignment.

That’s the direct effect.

But ES is the clock — and every clock governs smaller ones.

When the U.S. benchma…