The CBOE Volatility Index, or VIX for short, jumped up to 27.89 early in Thursday trading, as traders fretted about the future price of oil after President Trump’s address to the nation Wednesday evening did little to calm the nerves of investors.
Fortunately, the major indices recovered a decent amount of their losses by midday, as news reports suggested that Iran is working with Oman to develop a protocol to monitor traffic through the Strait of Hormuz. In addition, the economic data released on the day before Good Friday was better than expected.
.jpg?w=600)
