The CBOE Volatility Index (VIX), which is largely used to gauge turbulence in the market, took a 25% jump on Monday.
The spike in the VIX came amid a heavy equity index selloff spurred from turmoil in the White House, lingering trade tensions, and a big drop by Facebook (FB). All of which fell on the eve of the first meeting for now Fed Chair, Jerome Powell.
Market participants are on edge waiting to learn the Feds outlook on the state of the economy. With fears of inflation alongside February’s sell-off, the question remains if the Fed will introduce more aggressive plans to hike interest rates throughout 2018.
The above chart, created for FREE with the award winning NinjaTrader platform, showcases the VIX (red) and its behavior compared to both the E-mini S&P (green) , and DOW (blue) futures since today’s open. Chart and monitor your favorite markets and download NinjaTrader today!