“The stubbornly high unemployment rate was unlikely to make the Federal Reserve rethink its easy-money policies, which have been propping up the recovery. Indications that the Fed could change its easy stance on asset purchases erased gains in stocks on Thursday and pushed benchmark Treasury yields to eight-month highs,” according to a Reuters article Friday.
“When it comes to Fed policy, this report should keep (it) steady,” said Tom Porcelli, chief U.S. economist at RBC Capital Markets, in the report.
Volatility ETFs fell sharply in 2012 on a declining VIX and rising stocks. For example, VXX shed 77.6% last year, according to Morningstar.
iPath S&P 500 VIX Short Term Futures ETN
