VIX volatility gauge surges above 200-day moving average as stocks tumble

A closely watched gauge of expected stock-market volatility jumped Thursday as a tech-led selloff dragged major benchmarks sharply lower. The CBOE Volatility Index VIX, +18.10%, known by its ticker symbol"VIX", rose 3.79 points to 30.76 after trading at a more-than-seven-week high of 32.19, according to FactSet. The rise took the VIX above its 200-day moving average, which stood Thursday at 28.26, for the first time since July 30.

The VIX, which typically jumps during big stock-market selloffs, also tends to fall back during long, gradual rallies, but had remained stubbornly elevated above its long-term average of near 20 as stocks pushed back into record territory in recent weeks. Stocks were under heavy pressure Thursday, a day after the S&P 500 SPX, -3.10% and Nasdaq Composite COMP, -4.34% logged another round of records and the Dow Jones Industrial Average DJIA, -2.

This was a wild ride, I say give a two week recovery? That’s just my guess

Yesterday MW said EWG is good for a Biden win Down 2.7% today Does that mean Biden is going to lose?

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