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so last Friday something extraordinary and actually very scary happened the Vic spiked 50% in 1 day as a matter of fact if we take a look at the VXX etn VXX is just an exchang traded note thatamp;#39;s based on the vix this is the fifth largest spike in history August 2nd 2024 you could see that here now you would think that the Samp;amp;P 500 was down 50% or something as a matter of fact that day it was only down 2.5% and as of now it is only down 5% from all-time highs which is a typical pullback so is this the end of the world yes no kind of Iamp;#39;ll explain so essentially what triggered the fear was that the unemployment rate came in at plus 4.3% which actually is historically still pretty low but the expected unemployment rate was supposed to come in at 4.1% so came in much higher than expected now the unemployment rate has been hovering at 4% since May 2024 but this is the first time since it crossed 4% that it came in docHubly higher than expected so what is that ever
