Lawsuit claims Wall Street’s ‘fear gauge’ was ‘manipulated’ – CNNMoney

Markets are volatile but the U.S. economy is strong

Wall Street’s so-called fear gauge was “manipulated,” a new federal class action lawsuit alleges.

The CBOE Volatility Index (VIX), known as the VIX, has been hotly debated since the stock market plunged last month. The VIX is a real-time predictor of how much the S&P 500 will fluctuate over the 30 days that follow.

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