The Market’s Fear Gauge Spiked. What It Means When the VIX Tops 20.
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The CBOE Volatility Index, or VIX, rose to 28.18 this morning. The market’s fear gauge last traded above 20 on Oct. 27, 2023, according to Dow Jones Market Data. Traders were mostly optimistic about inflation and the economy, while excitement about artificial intelligence and the sales investments would generate for chip stocks helped push the stock market higher.