The CBOE Volatility Index (.VIX) is holding above 29 percent on the heels of yesterday?s equity market meltdown and ahead of reports on factory orders and the Philadelphia Fed. Poor readings are expected from both, which are both due out at 10:00 a.m. ET. Economists expect factory orders to show a .3 percent decline for February and a -18.0 from the Philli Fed for March. After that, attention probably begins to shift to the three-day break, as no other data is on tap. However, thin trading and the triple witch could combine to add a bit more volatility to the session later in the day. Financial futures close early.
Category: All Indexes
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.