UVIX is trading at $62.15 (-2.43%) as equity futures stabilize and risk appetite improves following the sharp tech-led selloff that spiked volatility on July 23.
- The decline follows a significant +9.22% jump yesterday, with the current move suggesting a normalization of volatility as markets digest the prior session’s shock.
- While the broader macro environment remains pressured by tariffs, higher oil prices, and elevated yields, traders are currently stepping back from immediate fear buying in volatility products.