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Traders Bet on Wild Swings With US CPI Print Set to Test the Market
Wall Street’s summer to forget is approaching its climax, with all eyes on this week’s consumer prices report, which traders hope will give the Federal Reserve the ammunition it needs to begin cutting interest rates at its next meeting in September. But for now, the bet is for more volatility. Some wild swings last week brought the Cboe Volatility Index, or VIX, which measures the magnitude of price moves in the S&P 500 Index, to levels not seen since the height of the pandemic in 2020. Based on the cost of at-the-money put and call options, traders are positioning for the S&P 500 to move 1.2% in either ... (full story)
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- Posted: Aug 11, 2024 12:30pm
- Submitted by:Category: Fundamental AnalysisComments: 2 / Views: 4,286
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