How Agora Financial's Knuckman Is Trading Morgan Stanley

The video discusses the Federal Reserve's impact on futures markets, predicting no rate hikes until 2024. It analyzes the S&P 500's technical patterns, noting a sideways trend and market volatility. The video also examines the performance of utilities and other market segments, highlighting profit-taking in utilities and strength in metals and miners. Finally, it presents a trading strategy focused on Morgan Stanley and the financial sector, emphasizing risk-reward opportunities and the need for market stability.

What is the significance of the VIX level mentioned in the text?

What factors are suggested to potentially build confidence in the markets?