🟢 Volatility ETF (UVIX) is trading 2.33% up today as inflation and oil sustain volatility demand

UVIX is trading at $40.70, up +2.33%, as persistent inflation and crude oil above $107 per barrel sustain demand for volatility exposure.

• Treasury yields near 5% are also supporting volatility demand.
• The Federal Reserve’s anticipated 25-basis-point rate hike to 3.75%-4.00% added rate-policy uncertainty.
• Mixed equity performance limited the broader market’s calming effect, while continued macro and geopolitical risk persisted despite gains in the Nasdaq.