VIX Index Closes at Lowest Level Since Beginning of Pandemic
- The VIX is used a proxy for the level of fear in the market
- Volatility is still elevated in other parts of the market
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The Cboe Volatility Index, known as Wall Street’s fear gauge, closed Thursday at its lowest level since before the pandemic hit as strong earnings pushed stocks to record highs.
The VIX closed down 3.1% at 15.01, its lowest close since Feb. 19, 2020. The VIX has averaged 19.71 in 2021.