As seen on Forbes by RealInvestmentAdvice.com’s Jesse Colombo: “Volatility Is Surging.”
After a calm spring and summer, volatility has come back with a vengeance in October. The CBOE Volatility Index or VIX has surged from the 13s at the start of the month to nearly 23 right now, which is the largest volatility spike since the stock market correction in February. As volatility spiked, the Dow fell nearly 2,000 points since the start of October as rising interest rates spooked investors out of the frothy stock market.
Here’s what the VIX looks like right now:
While many traders and market participants were caught off-guard by the volatility spike, I specifically warned about it on October 2nd in a Forbes piece called “Why Another Market Volatility Surge Is Likely Ahead.”
Read the full article on Forbes.