🔴 Short-Term VIX Futures ETF (UVXY) is trading 9.11% down as VIX futures signal easing near-term stress

UVXY is trading at $20.89, down 9.11%, as volatility futures eased after Thursday’s surge.

• On November 6, U.S. index futures stabilized; Nasdaq-100 futures rose more than 1.5% in early trading.
• The VIX jumped nearly 70% to 28.17 Thursday, while November VIX futures were well below spot, indicating easing near-term stress priced into futures.
• A stronger-than-expected 165,000 October jobs report lifted Treasury yields and December Fed-hike odds, tempering the relief.