The CBOE Volatility Index, also known as the “Fear Index,” is a measure of the market’s expectation of stock market volatility for the next 30-day period. Today the VIX fell by -3.26% and closed below the 32 level for the first time since September 16, 2008 (see chart above). Market volatility and the “fear index” are gradually subsiding and returning closer to normal levels.
