VIX Is Following 10-Year Yield

The VIX is following the 10-year yield, notes Michael Purves. He talks about how the 10-year yield hits 5% for the first time since 2007. He discusses the cross-asset volatility report highlighting that treasury shorts have not flinched and the normalization of the treasury short continues. He goes over how the technical factors for the SPX are still bearish in the mid-term. He looks at how the Atlanta Fed GDP NowCast and Citi U.S. Economic Surprise Index continue to trend higher in tandem. He also previews today’s Fed speakers. Tune in to find out more about the stock market today.