VIX Uptrend Implication Continued

Inflation starting to become more persistent, markets ignoring the Fed's cautionary tone and modest 25 bps rate hike.

March inflation reporting comes out next week, the last inflation measure prior to the FOMC meeting in early May.

Volatility for S&P 500 likely to increase with potential exceed the March 2020 spike in the coming months.

Currently, expecting VIX to tap 40 in the near future.