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Fear is a powerful beast. But we can learn to ride it. - Justine Musk
The VIX, widely known as the “Fear Index,” has been kicking up some dust over the past four weeks or so. July’s average closing level was a boring 12.75, but August has been a different story. The average level of the VIX from 8/1 – 8/26 was 18.95, reflecting the stomach-churning reaction of the market to escalating trade war threats, their impact on global trade and the accompanying recession fears. Not much fun (unless you’re long the VIX).