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😨   Playing A January Volatility Bounce With UVXY ETF (BATS:UVXY) - Seeking Alpha

We are barely into 2024, but we have already received one concerning data point. The official NBS China Manufacturing PMI unexpectedly fell to 49.0 in December, a decline from 49.4 in the previous month, missing market estimates of 49.5, according to Trading Economics. Merely flipping the calendar to a new year does not remove macro risks. Conditions domestically are more encouraging, however. The S&P 500, a key leading economic indicator, rests just shy of its all-time high notched nearly precisely two years ago while the Fed is poised to ease its monetary policy, perhaps as soon as March.

seekingalpha.com     Jan 03, 2024