I don’t know how important it is in the longer term, how much of this is Brexit-related, or whatever. But the volatility of volatility (VVIX) is going nuts here.
As a matter of fact, it’s higher now than it was at last week’s peak, and almost higher than at any time since the August market crash.
What’s interesting is that this thing really started going vertical at 12:15 p.m. today. Not sure what set it off, but now VIX is following and the stock market is giving up early gains. Hmm…
