The Stock Market’s Fear Gauge Is Starting to Flash
The stock market’s fear gauge spiked to its highest levels in a month.
The CBOE Volatility Index, or VIX, surged as high as 28.27 on Thursday, which was its highest intraday level since Oct. 17. It later pulled back to 26.05.
The VIX measures implied volatility in the month ahead in the S&P 500. A reading around 20 is considered normal volatility, so the further the VIX rises, the more things start to signal heightened volatility.