At Friday’s market close, volatility index VIX, hit new three months high and finally closed at $38,56, gained 1,42%. Volatility barometer has remained above 25 price level even though the S&P 500 marked a huge rally from its March lows, gaining as much as 64%. The latest surge is clearly linked to the upcoming presential election results, as well as the second wave of Covid-19 infections, which have forced global governments to re-instate partial lockdowns to limit the spread of the infection.