Stocks have rallied recently, with major indices rising to new highs. Amidst this market upswing, Larry Summers, a prominent economist and former Treasury Secretary, has called for the Securities and Exchange Commission (SEC) to investigate the surge in the VIX volatility index. The VIX measures market anxiety and has seen significant increases in recent days.

Source: https://www.bloomberg.com/news/audio/2024-08-09/stocks-rally-summers-wants-sec-to-probe-vix-surge-more