Chart of The Day – June 11, 2020

By: Chris Wenner in Charts 06/11/2020

Technicals on volatility indexes, such as the VIX, are rarely drivers of their future price directions.  Sometimes it appears they are a factor (even if a small one).  The VVIX Index, which measures volatility of volatility (represents the expected vol of the 30-day forward price of the VIX Index, is bumping up against the downtrend made during the peak of the selloff in March.  This level is around 120-121, which is where we are this morning.  Watch the VIX & VVIX today/tomorrow!

CW

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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