🔴 Volatility ETF (UVIX) is trading 2.44% down despite hotter CPI and spot VIX gains

UVIX is trading at $34.15, -2.44%, as intraday conditions shift despite hotter-than-expected inflation and a morning rise in spot VIX.

• September CPI was 3.7% year over year versus a 3.6% forecast, rekindling Fed rate-hike concerns; spot VIX rose 10.48% to 16.87.
• Volatility products can retreat as conditions shift, even while inflation and global tech-selling concerns remain. September PPI and retail-sales data are also in focus.