Market comments for Sept. 7th
It's a quiet day today, with low volume, but the VIX is up almost 10% in early trading. No news on economic data is to be released today but the main 2 pieces of data to pay attention to this week is the Initial Jobless Claims on Thursday as well as the Trade Balance and on Friday the release of Wholesale Inventories for July. The Trade Balance and Wholesale Inventories data are both backward looking data and therefore not as relevant in our concerns. But the Initial Jobless Claims is relevant as it is current data.
There are only 11 days remaining before Options Expiration for Sept. on Sept. 17th.
There are only 11 days remaining before Options Expiration for Sept. on Sept. 17th.
Labels: Initial jobless claims, lagging data, Market comments, Trade Balance, VIX, Wholesale Inventories
posted by Charles Amico at 6:55 AM
1 Comments:
Charles,
What do you think is behind the jump in the VIX? With very little new data today about the economy, why would fear be increased?
Thor
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