Yes, I saw the VIX had closed in the red Friday, but virtually flat on the day. One could take some solace from that… however, I also saw that the TVIX and UVXY closed up 11.8% and 9.2% respectively. This disparity would seem to be reflective of the S&P closing down -46.88 points. Seth, time allowing… can you comment on this, please? Thank you!
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U.S. stocks on Friday wrap up a Byzantine journey into negative territory, a period that began with the worst day for stocks since January, but was followed by sessions marked by uncanny intraday swings that helped equities to limit losses.