Volatility Soars as Stocks Sink, VIX Hits Highest Level Since May
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The Cboe Volatility Index (VIX) jumped to its highest level since May on Tuesday as stocks sank.
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The VIX measures expected volatility in the S&P 500 over the next 30 days. It has been rising as stocks retreat.
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The S&P 500 closed at its lowest point since early June, extending its recent selloff.
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Factors like rising oil prices, Treasury yields, credit card debt, and upcoming student loan payments are causing volatility.
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Some strategists expect volatility through the end of the year given the "stagflationary setup."