Volatility In the Stock Market Nears 18-Month Lows: Will Jobs Data Drop The VIX Lower?
Portfolio Pulse from Melanie Schaffer
The CBOE Volatility Index (VIX) dropped to the $15 area, nearing an 18-month low. The decrease in volatility is due to optimism about a debt ceiling deal. The Federal Reserve's decision on interest rates and non-farm payrolls data could impact the market.
June 02, 2023 | 11:58 am
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NEUTRAL IMPACT
The SPDR S&P 500 (SPY) could see increased volatility depending on the market's reaction to the Federal Reserve's decision on interest rates and non-farm payrolls data.
The Federal Reserve's decision on interest rates and non-farm payrolls data could impact the market, leading to increased volatility in the SPDR S&P 500 (SPY). The market's reaction to these events will determine the ETF's short-term performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 75
NEUTRAL IMPACT
ProShares Ultra VIX Short Term Futures ETF (UVXY) tracks the VIX, which is nearing an 18-month low. The Federal Reserve's decision on interest rates and non-farm payrolls data could impact the ETF.
The VIX is nearing an 18-month low, which could impact the UVXY ETF as it tracks the VIX. The Federal Reserve's decision on interest rates and non-farm payrolls data could cause fluctuations in the market, affecting the ETF's performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100