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Fear in the U.S. stock market is intensifying; yesterday, the VIX index closed at 21.15, its first close above 20 since July 29. Over the past six months, the VIX has closed above 20 on only four trading days and never exceeded 30. In each of those six-month periods when the VIX breached 20, the S&P 500 also declined, indicating that risk-off sentiment in the U.S. stock market is rising. https://t.co/f1J6c6kLja

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