VIX rose to 23.93 last Friday as market anxiety mounts ahead of midterm elections

TechFlow News, Nov. 4 — According to Investor’s Business Daily, the Cboe Volatility Index (VIX) rose to 23.93 last Friday and remained above 20 on Tuesday. Adam Turnquist, Chief Cross-Asset Strategist at LPL Financial, said concerns about AI stocks and potential hedging demand ahead of the midterm elections may have pushed the VIX higher.

Turnquist noted that front-month VIX futures are trading above deferred-month futures, indicating investors are seeking near-term protection; current index levels suggest heightened investor anxiety but remain well below the extreme levels typically associated with market capitulation.

Source: TechFlow