12:30 PM Market Flash: 1 Glorious Growth Stock Down 68% to Buy Hand Over Fist, According to Wall Street | Futures Traders Are Raising the Odds

Futures traders are raising the odds of a Fed hike this year... a shift that is putting pressure on rate sensitive stocks and could keep volatility elevated. SPX is trading at 7399.93, up 0.11 percent on the session while the VIX sits at 17.35, up 0.64 percent from the previous close. Bitcoin is trading at 80111, up 0.3 percent over the past 24 hours and sitting within 2 percent of the 80k level... something options traders will be watching for any risk on signals. In the US market the Dow continues to lag behind the Nasdaq as investors favor growth names over more traditional blue chips. I am your VixShield news reporter. Back to you, Russell.