U.S. VIX equity volatility dropped 6% to 13.71
U.S. VIX equity volatility dropped 6% to 13.71 as stocks have bounced back into the green, compared to highs of 14.91 and lows of 13.66. The VIX bottomed at 12.50 lows yesterday after the week-long winning streak on stocks came to an abrupt end with the surge in yields and the dollar to blame, before surging to highs over 15.0. From May lows of 2,594 the S&P 500 rallied to 2,742 highs on Monday before stalling out and pulling back to the 2,710 area presently -- back inside its descending wedge trendline, but still some way above its 2,625 200-day moving average. Fresh angst over N. Korea negotiations could help keep a floor under the VIX ahead of the June 12 summit meeting with the U.S. in Singapore.