The VS TR 2x Long VIX Futures ETF (UVIX) is experiencing upward movement, driven by a confluence of economic and market factors. On January 8, 2025, significant developments in the U.S. economy were reported, including President Biden's continuation of AI chip bans and former President Trump's potential declaration of a national economic emergency to implement widespread tariffs. These actions have heightened market uncertainty, contributing to increased volatility expectations. Additionally, the stabilization of the U.S. labor market adds another layer of complexity, as investors weigh the implications of these economic policies on future market conditions.
Despite the current price of the VVIX index showing a slight decline of 0.35%, the UVIX ETF has risen to $3.51, marking a 1.14% increase from the previous close.