$Cboe Volatility Index(VIX)$ rises above 50 for the first time since the market turbulence in April 2020.
The volatility index $Cboe Volatility Index(VIX)$ , is now trading at its 5th highest level on record. Since July 1st, the $VIX is now up over 330% and trading at March 2020 levels.
A combination of factors including a sharp decline in tech stocks $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ , a surge in the yen $Japanese Yen - main 2409(JPYmain)$ , and a general market deleveraging.
The spike in the VIX has raised concerns among investors, with some drawing parallels to the market conditions during the pandemic.
Despite the volatility, market analysts note that the current situation does not yet constitute a structural failure or a market crash, but rather a period of heightened market uncertainty and risk.
The last time volatility was this high, the global economy was heading to a complete shutdown. We may see a new record high in the $VIX soon.
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Is it too late to buy VIX now