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 (^GSPC) 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?
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.