P Spx: Vix and Surprise Vote

p spx: The last time the so-called fear gauge closed at such an elevated level was June 27, days after the U.K. surprise vote to leave the European Union, according to Market Watch. Over the past month, the VIX has surged nearly 50%. The VIX is based on the implied, or expected, volatilities of a range of S&P 500 SPX, -0.44% options and is designed to provide a real-time measure of how much the market thinks the S&P will fluctuate over the next 30 days. The CBOE Volatility Index VIX, -1.27% has advanced over the past six trading sessions, and was up 13% at 19.32 on Tuesday after notching an intraday high of 20.43. The VIX doesn't often give you forecasting signals, but when something like this is happening, it showing an uncomfortable anxiety, and part of that is getting close to the election and the Fed meeting, said Randy Frederick, managing director of trading and derivatives at Schwab Center for Financial Research, in an interview. Stock index futures pointed to a flat to weaker start Wednesday. Stocks fell Tuesday, with the S&P 500 posting its sixth straight daily decline. (news.financializer.com). As reported in the news.