The $VIXX, a.k.a Fear Index, has been a prime indicator to determine where the market is headed, especially when uncertainty is apparent and abundant. It’s typically used as a benchmark or what’s called an intraday indicative (IV) which can even help track and predict where the market is heading. During the height of the pandemic, $VIXX was nearly up 500% because of the devastating effects of COVID-19 on the economy. $VIXX usually trades on average between $25 – $30, but through March was trading around $80! $VIXX just closed yesterday at $29.34, but I believe has a chance to rise again because of the continued uncertainty combined with the wavering effects of the pandemic. Check out $VIXX through 2020 alongside the S&P 500 below to see its stellar performance.
