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TheStreet Open House

The VIX Had One of Its Biggest Spikes in a Decade: StockTwits

NEW YORK (TheStreet) --It was a sea of red on Wall Street today. 

An image of the StockTwits Heat Map shows that perfectly. Every major sector was down. Healthcare, technology, and financial sectors were hit especially hard. The S&P 500 dropped 1.18% -- its first 1% move in 62 straight days! 

But the  (VIX.X) had a historic day. It spiked 32%. That's a significant move, and it should be noted by all. It was its 8th largest move, as measured by percentage change, in the last 10 years. That stat comes from @RyanDetrick and this table shows how each of the largest VIX spikes compare. The question now becomes: Is volatility about to make a grand return?

If you enjoyed this post you can follow the author on Twitter and StockTwits

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

 

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