iPath S&P 500 VIX Short Term Futures ETN (VXX) -1.9%
U.S. indices are kicking off the new week on a subdued note. With Europe managing to stay relatively out of the spotlight, investors have turned their attention to earnings season, which is slated to get started with Alcoa (AA) after the close.
This environment is boding poorly for the fear-tracking VXX. This product is yet to see its first day of positive action in 2012.
All prices as of 2:14 PM EST.Written by Don Dion in Williamstown, Mass.