# Wall Street’s fear gauge surges the most since April. Why traders think it should be even higher

- URL: https://talkfuse.com/story/wall-streets-fear-gauge-surges-the-most-since-april-why-traders-think-it-should-be-even-higher/
- Published: 2026-11-05T17:34:16+00:00
- Updated: 2026-11-05T19:12:38+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/05/wall-streets-fear-gauge-surges-the-most-since-april-why-traders-think-it-should-be-even-higher.html
- Topics: Business

## Key points

- VIX rose above 28, its highest since March.
- Its intraday swing was the largest since April.
- Traders say the market’s fall may warrant even more volatility.

## Summary

The VIX, Wall Street’s main measure of expected stock-market volatility, surged on Thursday as the S&P 500 fell sharply. The move suggests traders were caught off guard, and some argue the volatility gauge should have risen further given the scale of the market’s decline.

The VIX climbed as much as 5.7 points to above 28, its highest level since 31 March, and moved more than 11 points from its intraday low to high, the biggest daily move since 9 April. The S&P 500 was down 3% and heading for its steepest fall since April 2025. A common rule of thumb links each 16 VIX points to a 1% move in the S&P 500.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.