“The Spanish deal is another Band-Aid,” Matt McCormick, who helps oversee $6.2 billion at Bahl & Gaynor Inc., said “Many investors are viewing this with skepticism. The problem is not going to be fixed by this amount. It’s not a solution, and people know the difference. Expect more volatility not less.”
The VIX shot up to 27.7 during intra-day trading on June 4, the highest it has been so far this year.
ProShares VIX Short-Term Futures ETF
For more information on market volatility, visit our volatility category.
Max Chen contributed to this article.