This might be one of those days where even if the market drops after the Fed statement, volatility will drop too.
Volatility exhale. Uncertainty over FOMC meeting will no longer be present once they make announcement. Though I expect volatility to rise once they announce as I'm expecting a sell the news event...
Maybe the market sells off and VXX sells off as well.
Did somebody get a tip from inside that everything will be OK? Unusually weak a couple of hours before the announcement, while S&P is not so strong.
This is the VXX I know! Down when the market is down, where were you the last couple months?!