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VIX Futures Point to More Muted Open For Equity Volatility

EQUITIES
  • Headed into the US cash equity open, the late spike in the VIX (up to 17.9 points ahead of the close, highest since early Nov'23) seems to have ebbed: Futures are pointing to a more moderate open for the VIX - the Feb VIX future has edged back below 15.00 - comfortably off yesterday's highs.
  • Recovery in equity futures likely aiding the move, with the e-mini S&P just over 40 points off the post-CPI low at 4936.50.

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