Market volatility made a sharp comeback Thursday, with the CBOE Volatility Index – commonly called the VIX or Wall Street's fear gauge – closing 11.4% higher to 26.3 levels, as concerns around overheated tech valuations and uncertain monetary policy rattled investor sentiment.
The VIX has jumped 50% so far in November, setting the stage for what could be only the 11th month in history in which the volatility index surged by more than 50%.
