Scott Bauer analyzes today's market pullbacks across major stock indices as rising crude oil prices and hot wholesale inflation data push the U.S. 10-Year Treasury yield above 4.95%. He examines option positioning, noting a decline in E-mini S&P 500 futures put volume alongside a surge in E-mini Nasdaq-100 futures call activity. Bauer also highlights bitcoin's reaction to geopolitical escalation and previews CME Group's planned launch of Sports Index futures.