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After experiencing uncharacteristically low volatility in equity markets for a number of years, investors have felt the uptick in volatility more recently. The CBOE Volatility Index (VIX) is an indicator of the market's expectation of the S&P 500's near-term volatility. Typically, higher values are associated with increased levels of market volatility. Since 2012, the closing daily values of VIX have ranged from 9 to 40. In fact, the VIX has closed at a value of 35 or higher twice since 2018. That's