Vix futures live as of the latest session

As of the latest session, VIX futures live are trading near 16.8, signaling moderate market volatility expectations ahead of key economic data releases. Traders are watching Treasury yields closely, as higher rates could push volatility higher into next week. Take a look at the first image below, comparing the S&P 500 to the VIX between 1997 and 1999. This period, of course, includes the sizable panic-driven sell-off in July and August of 1998, when Russia's government defaulted on its debts. That development created a ripple effect that swept across the global economy, upending stocks as a result. While it was a terrifying time, as you can see, it was also a short-lived setback. Also note how the VIX was behaving around that same time. In July of that year, the VIX reached a record high, suggesting that almost all would-be sellers were already flushed out. The VIX Index measures traders' expectations for how much the S&P 500 might move in either direction, up or down, over the next 30 days, using options prices. When the VIX is high, traders are thought to be skittish, contemplating large swings in prices and when the VIX is low, investors are considered to be calm and complacent. VIX futures live edged up to 17.0 alongside a 1.2% decline in Nasdaq Composite. Correlation analysis shows tech weakness often drives short-term volatility spikes.