U.S. stock market 'fear gauge' VIX jumps to highest level since June

, known as Wall Street's"fear gauge," surged on Wednesday to its highest level in more than four months.

In morning trade, the VIX was last at 40.35, its most elevated since June 15, as the benchmark S&P 500stock index fell nearly 3% amid worries about the sharp rise in COVID-19 cases in the United States and Europe. [.N] Along with the pandemic, concerns about stalled efforts in Washington toward further fiscal stimulus measures and the outcome of Tuesday’s U.S. presidential election have helped to boost the VIX. The index has surged more than 12 points this week and is on track for its biggest weekly points gain since mid-March, during the sell-off that confirmed the end of the previous bull market.

VIX futures, which have long reflected expectations for higher volatility around the election, also rose. Earlier in the session, December futuresEven so, the VIX itself is now trading at a significantly higher level than the futures, an indication that near-term concerns have dwarfed worries further out on the calendar.

The coronavirus has become the top concern for market participants, Arnim Holzer, macro and correlation defense strategist at EAB Investment Group, wrote on Wednesday.Reporting by April Joyner; Editing by David Holmes and David Gregorio

practical result of 'stay at home' and obedience to the system that is preparing checkmate in humanity.

The Stock market is made of glass hopes and dreams of workers melted down to make corporations glass towers. EatTheRich

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On the other side of the equation, if I am correct Biden will win decisively enough, the heartbreak in Conservative America and disenfranchisement could further exacerbate polarization setting seeds for social upheaval. Best scenario Republicans,hold Senate which has 25% chance.

U idiots keeping this dead horse casino afloat shows how desperate & pathetic capitalism is. Profit is unsustainable. How many more crashes & lives do u have to destroy to keep a few people rich? It doesn't freaking work. Imagine we did all this without the need for gross profit?

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