Market Extra

‘VIX closes above 40 are rare,’ says Nicholas Colas, co-founder of DataTrek Research

Published: April 7, 2025 at 9:49 a.m. ET

It’s rare to see Wall Street’s so-called fear gauge end as high as it did on Friday — with closes above 40 historically signaling “a crisis that demands an immediate policy response,” according to DataTrek Research. 

The Cboe Volatility Index (VIX) VIX was rising again on Monday morning after surging Friday amid tariff anxiety. “Friday was a true panic day,” Nicholas Colas, co-founder of DataTrek, wrote in a note emailed Monday.

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