$MOVE Bond volatility move back to making fresh 20 day highs. Rising bond volatility is never a good thing.
Move breaking up out of a descending triangle with $SPY in a downward price channel since June 2.
+ $DXY made it's 6th week of new weekly highs since Nov 2025 & currently at the high of it's weekly bar.
+ The daytraders VIX $UVXY finding support and the $VIX is curving upward.
Just seems a good time to take some off the table - yesterday at close would have likely been$ better.#move
$vixeq
MOVE----approaching 50... it pierced it during the 2025 Tariff Tantrum and the 2024 Aug $VIX Event
The comp today vs 2022 when the Fed was tightening is instructive. VIX was basically double its current level today when VIXEQ reached 50. The $MOVE was more than double its current level then.
Today's VIX is entirely about the volatility of the stocks within the index, not the extent to which they are correlated.
Note: the VIXEQ is starting to pick up the single stock vol bump from Q2 earnings (GOOG 7/23, MSFT 7/29, AAPL 7/30, META 7/30 AMZN 7/31)... this will put downward pressure #on implied correlation.