Macro Volatility Digest

Small caps led the increase in equity volatility last week, with the RVX Index (Russell 2000 Volatility Index) gaining 2.6 pts to 25% vs. the VIX® Index up 1.2 pts wk/wk. The spread between the two widened to a YTD high of 6.5% as small caps tend to be more sensitive to tighter monetary policy and higher oil prices. Learn more in this week’s Macro Volatility Digest.