🔴 Trading--Leveraged Equity ETF (UVIX) is trading 2.3% down today as implied-volatility demand eases

UVIX is trading at $38.87 (-2.26%) as easing implied-volatility demand accompanies firmer broad equities.

• The S&P 500 and Nasdaq Composite are rising, reducing volatility demand.
• Strong August retail sales increased expectations for higher-for-longer rates but did not trigger a wider equity selloff.
• Investors remain focused on the 2:00 p.m. FOMC decision; Brent near $107 keeps macro risk elevated.