VIX approaches historical average

The VIX or the volatility index, which is typically used as the fear gauge closed on Friday at 21.25, close to its historical average of 20.28 and its lowest since August of last year.  Traders view this from several fronts: that the stable and low volatility might mean further gains ahead, that there has been complacency, and that this might trigger, boosted by a better job market,  rate hike by the Fed sooner than expected.

Read more from WSJ.

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