Just like that, the vicious sell-off that we saw last week in global equities has reversed sharply this Monday morning and in “V-shape” fashion.
The VIX, which topped $17 briefly during Friday’s session, is all the way back to the $12.50 level. Meanwhile, VXX (iPath S&P 500 VIX Short-Term Futures ETN, Expense Ratio 0.89%) trading volume is at all-time highs lately, once again on the move higher in the ETN amid the VIX rise.