🟢 Trading--Leveraged Equity ETF (UVIX) is trading 2.17% up in pre-market ahead of July payrolls report

UVIX is trading at $51.22 (+2.17%) as investors position for elevated volatility ahead of the July payrolls report scheduled for 8:30 a.m. ET.

• Economists expect roughly 80,000 new jobs and 4.2% unemployment; stronger data could lift yields and pressure equities, while weak data could intensify recession concerns.
• Overnight concerns about Iran and access to the Strait of Hormuz pushed oil higher, adding inflation and risk-sentiment uncertainty.
• Mixed U.S. index futures, technology weakness and Thursday’s market decline support volatility positioning.