The equity market and VXST both finished the week slightly changed, but did experience some intra-week movement. Note below that VXST almost broke below 9.00 on Monday putting in a low of 9.03. This 9.03 print is the lowest price recorded for VXST since we started keeping up with intra-day data back in November of 2013.
The curve was showing some concern regarding the employment number over the past couple of week, but that concern seems to have subsided a bit. Focus on the July 9th data point below and note that the July 9th contract was at a premium to all other contracts a week ago, but that is no longer the case. With Thursday’s shortened session and June employment number we’ll see if the sudden change in attitude is warranted or not.