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VIX Taken to Cleaners Following Strong Jobs Data

May 8, 2015 11:58 AM EDT

The VIX, also known as the fear index, dropped sharply Friday after data earlier showed the economy added 223 thousand jobs in April. While slightly below the consensus of 228 thousand, the news was a welcome sight after ADP data earlier this week clocked in at only 169 thousand vs 200 thousand expected.

Commenting on the jobs numbers, Darrell Cronk, president of Wells Fargo Investment Institute of New York, told Bloomberg this is just-right jobs for stocks ... not too much, not too little.

It may not be so right for those betting on the VIX, however.



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