Market fear gauge shows investors on edge this week
Fear is back. The burgeoning bludgeoning of large-cap U.S. technology stocks Monday — largely driven by the Facebook data-misuse controversy — has traders acutely anxious about the near-term outlook for the S&P 500 Index. The VIX futures curve, whose contracts track the implied volatility of the benchmark U.S. stock index over time, is in backwardation.
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