The current VIX level is “certainly not consistent with fear and panic on Wall Street,” remarks analyst Frederic Ruffy for WhatsTrading.com. “One might argue that the market is showing a lot of resilience.”
The VIX is currently trading around the 18 level, which is below the long-term average of 20, or “moderate” anxiety. [VIX ETFs Move Higher As Stock Market Plunges.]
For more information on the volatility Index, visit our VIX category.
Max Chen contributed to this article.