Panic Selling and the VIX Index
It looks like the sharp market decline could be "panic selling," highlighting a significant surge in the CBOE Volatility Index (VIX), which jumped significantly (74%)—the second-largest increase on record.
It looks like the sharp market decline could be "panic selling," highlighting a significant surge in the CBOE Volatility Index (VIX), which jumped significantly (74%)—the second-largest increase on record.