UVIX is trading 2.46% up as oil prices and geopolitical risk lift volatility expectations.
- U.S. stocks are trading lower after the Labor Day reopening amid broader volatility demand.
- Reports of Houthi attacks disrupting Saudi energy operations pushed Brent near $99 and WTI near $94, increasing inflation and risk-off concerns.
- Canada’s new retaliatory tariffs and a stronger-than-expected 162,000 August jobs report add uncertainty around growth and September Federal Reserve policy.