Stock Market Volatility Continues To Decrease As Data Points To Economic Slowdown
Portfolio Pulse from Melanie Schaffer
The Volatility S&P 500 Index (VIX) has dropped over 10% since June 1, indicating a decrease in stock market volatility. This comes amid an economic slowdown and increased unemployment claims. The VIX is now trading at its lowest level since June 2021.
June 08, 2023 | 1:23 pm
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NEUTRAL IMPACT
MIAX's SPIKES Volatility products, traded on SPIKES Volatility Index SPIKE, track expected volatility in the SPDR S&P 500 over the next 30 days.
SPIKE is mentioned in the context of being an alternative way for traders to trade volatility in the stock market. However, the article does not provide any specific information about the performance or outlook of SPIKE. Therefore, the short-term impact on SPIKE is neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
ProShares Ultra VIX Short Term Futures ETF (UVXY) tracks the VIX, which has dropped over 10% since June 1. This indicates decreased stock market volatility amid an economic slowdown.
The VIX, which UVXY tracks, has dropped over 10% since June 1, indicating decreased stock market volatility. This is likely due to an economic slowdown and increased unemployment claims. As a result, UVXY may experience a negative short-term impact as investors react to the decreased volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100