SPDR S&P 500 (NYSEArca: SPY) was off 0.8% in afternoon trade.
Volatility-linked products such as VXX and UVXY have bumped higher recently after dropping to all-time lows. VXX is still down about 25% the past three months even with Monday’s rally.
iPath S&P 500 VIX Short-Term Futures ETN
Full disclosure: Tom Lydon’s clients own SPY.