Uh oh. The $VIXY did surpass $31.20 and could close at new high.

This volatility is different from the pull backs to the 200 MA on the whatever index. Probabably a few different things that are worth considering.
Is the political trade war and tarriff. I think is definitely putting fear in investors.
The debt discussion is also a consideration.
Taxes. I don't think many have talked about this topic too much, but it is not a stretch to say that some type of strategic selling could be going on.