FYI: Wall Street’s favorite fear gauge notched a new first on Monday, underscoring the jitters roiling global markets.
The CBOE Volatility Index, or VIX, jumped 23% Monday. That’s the largest percentage rise for the index on a day when the S&P 500 dropped less than 1% since at least 1990, according to the Wall Street Journal’s Market Data Group. The S&P 500, whose options prices are used to calculate VIX, dropped 0.8% on Monday.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2016/06/13/the-vix-just-had-a-huge-day/
