Stock Market Volatility Jumps Ahead Of Key Fed Rate Decision: A Technical Analysis Of The VIX
Portfolio Pulse from Melanie Schaffer
The Volatility S&P 500 Index (VIX) surged over 8% on Monday ahead of the Federal Reserve's interest rate decision on June 14. The move is tracked by the ProShares Ultra VIX Short Term Futures ETF (UVXY) and other tickers. Traders can use MIAX's SPIKES Volatility products to play potential volatility in the stock market.
June 13, 2023 | 12:58 pm
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NEUTRAL IMPACT
MIAX's SPIKES Volatility products, traded on SPIKES Volatility Index (XMIO: SPIKE), track expected volatility in the SPDR S&P 500 over the next 30 days. The products may experience short-term volatility depending on the Federal Reserve's interest rate decision.
MIAX's SPIKES Volatility products track expected volatility in the SPDR S&P 500 over the next 30 days. The Federal Reserve's interest rate decision on June 14 may cause short-term volatility in these products. If the Fed pauses hiking rates, the VIX is likely to drop, which would impact the SPIKES Volatility products. However, if the VIX continues to rise, the products may experience increased volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The ProShares Ultra VIX Short Term Futures ETF (UVXY) tracks the VIX, which surged over 8% on Monday ahead of the Federal Reserve's interest rate decision. The ETF may experience short-term volatility depending on the Fed's decision.
The VIX surged over 8% on Monday, which is tracked by the UVXY. The Federal Reserve's interest rate decision on June 14 may cause short-term volatility in the ETF. If the Fed pauses hiking rates, the VIX is likely to drop, which would impact the UVXY. However, if the VIX continues to rise, the ETF may experience increased volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100