Wall Street’s ‘fear gauge’ surged past a key level this week — what it says about the S&P 500 through year-end

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The Cboe Volatility Index — known as the VIX or Wall Street’s “fear gauge” — has surged over 60% so far this year to trade above 27.3 earlier this week. This is a “statistically unusual level,” and history suggests that if it is surpassed multiple times in a year,