The CBOE Volatility Index (VIX) had risen 6.64 per cent to 48.32 as of 2:55 p.m. CDT, as the S&P 500 continued to whipsaw on Monday in response to U.S. President Donald Trump’s evolving global tariff policy. The gauge rose to above 65 earlier in the day, its highest point since the COVID-19 pandemic. An indicator above 30 points is typically associated with significant levels of fear driving the market. (The Logic)
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The CBOE Volatility Index (VIX) had risen 6.64 per cent to 48.32 as of 2:55 p.m. CDT, as the S&P 500 continued to whipsaw on Monday in response to U.S. President Donald Trump’s evolving global tariff policy. The gauge rose to above 65 earlier in the day, its highest point since the COVID-19 pandemic. An indicator above 30 points is typically associated with significant levels of fear driving the market. (The Logic)
Talking point: The S&P 500 entered bear market territory for a short moment after the market opened Monday, before rising 4.3 per cent around the time of reports that the administration was considering a 90 day tariff pause. It later closed down 0.23 per cent after the White House refuted the report. Though the VIX measures volatility in the S&P 500, global stocks haven’t been spared from wild jumps. The Hang Seng Index in Hong Kong fell 13 per cent in trading Monday—the worst daily drop since Asia’s financial crisis in 1997.
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