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Turbolence tied to Obamacare repeal pushes fear index to 2017 high

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The turmoil in Washington surrounding the GOP’s plan to repeal Obamacare whipsawed U.S. stocks the most this year. The CBOE Volatility Index spiked to a 2017 intraday high Friday before Republican leaders canceled a planned vote on the measure. The so-called fear gauge, which tracks implied volatility in the S&P 500 Index, rose 15 percent in the biggest weekly increase since the five days ended Dec 30.

Bloomberg


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