The VIX Breaks Out – Market Risk Continues to Surge

by Pater Tenebrarum
Acting Man

The Sharp Move in the VIX Accelerates

In Monday’s trading session, the upward move in the volatility index VIX (which measures the implied volatility of SPX options) continued unabated, vastly out of proportion with the move in the underlying stock index. “Brexit” fears continue to grow, which has apparently been the driving force behind this move.

[…] Monday’s move in the VIX has achieved a short term technical breakout:

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