CBOE VIX Volatility Index holds steady ahead of earnings season.
The CBOE VIX (NYSEARCA:VXX) traded in a narrow range on Thursday, as investors dissected the latest batch of unemployment data ahead of high-profile earnings reports in the final session of the week. VIX remains very weak by historical standards.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, traded between 12.91 and 13.58 on Thursday. It would eventually settle at 13.19, where it was little changed compared with the previous close.
In stocks, the large-cap S&P 500 Index finished flat.
ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY advanced 1.1%.
ProShares Ultra Short Term VIX Futures: (NYSEARCA:UVXY) UVXY is designed to deliver 2X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It tacks the two front months of the futures contract. UVXY declined 3.1%.
VelocityShares Daily 2x VIX Short Term Futures ETN (NYSEARCA:TVIX) TVIX is a leveraged VIX ETN designed to deliver 2X the returns of the daily S&P 500 Short Term Futures Index. TVIX declined 3.7%.
The Final Word: Volatility is showing little signs of returning – at least, not yet. It remains to be seen whether the bull market can withstand a weak earnings quarter following almost three years of steady growth.