Market Volatility and VIX Levels as Economic Data Improves

TheStreet's Jill Malandrino and Bob Lang discuss the spike in volatility on July 31 and August 1, reminiscent of what was seen in April. At that point the S&P dropped close to 55 handles, but it was recovered in six days. With GDP numbers coming in better than expected at 4%, the current environment differs from that of a few months ago and potential Fed tapering could spook investors into a “good news is bad news” reaction. Lang believes the market will remain range bound, barring any major macro events.