Too calm? Wall Street volatility collapses to lowest since 1993

Jul 24, 2017

Traders are betting on even calmer stock markets as the S&P 500 persistently climbs higher. The Chicago Board Options Exchange’s Volatility Index (VIX), known as the best gauge of fear in the market, fell Friday to 9.3, its lowest since Dec. 27, 1993, when the VIX hit a low of 8.89. Robert Whaley, Valere Blair Potter Professor of Finance and creator of the VIX, is quoted.