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VIX, the market's fear gauge, plunges in historic one-week move
The market's primary measure of fear has cratered, representing a dramatic turnabout in investors' emotional state. The CBOE Volatility index plunged 42 percent in the prior trading week, its the biggest one-week drop in the history of the index that goes back to 1990. The move came markets staged a stunning comeback following the U.K. vote to leave the European Union. "People were caught flat-footed, " Mark Newton, a technical analyst with Newton Advisors, said Friday on CNBC's "Trading Nation." He added: "A lot of people were scared of this decision and started to buy [volatility], but as soon as we figured out ... (full story)