Wall Street’s fear gauge surges the most since April. Why traders think it should be even higher
Summary
Wall Street experienced its sharpest volatility spike since April as the major fear gauge recorded a massive eleven-point surge in a single day. Despite this dramatic movement, market participants suggest the fear index should actually be trading at even higher levels given current conditions.
From its intraday low to high Thursday, VIX moved more than 11 points, the biggest one-day move since April 9.
Source: Read the full story at US Top News and Analysis
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