VIX Shoots to 8 Month High

The video discusses the Fear Index, which measures market volatility in the U.S., particularly focusing on the VIX index and its recent 24% rise, the highest in over two months. It highlights the S&P 500's recent volatility, with significant daily changes and a notable drop since its peak. Despite this, experts predict a 6% rise by year-end. The video emphasizes the importance of understanding market volatility and the Fear Index's role in indicating market trends.

Discuss the implications of the S&P 500's average daily change compared to previous years.

What does the text suggest about the relationship between volatility and market predictions?