[ad_1]
Investors were feeling a little calmer on Tuesday as they got over their worst fears about the dismal jobs report to instead focus on the prospect of lower interest rates.
The Cboe Volatility Index, a widely followed fear gauge that tracks S&P 500 options contracts and trades under the ticker VIX, slipped 0.2 points to just over 17 in early trading. Any reading of below 20 tends to indicate relatively low volatility.
The VIX’s slide comes with investors starting to see the bright side of a weaker-than-expected nonfarm payrolls reading. Traders now think there’s an 88% chance that the Federal Reserve cuts interest rates in September, according to the CME FedWatch tool.
[ad_2]
Source link
