By Riley Gutiérrez McDermid Market watchers typically follow the VIX to understand how anxious investors and traders are becoming. A market spooked by a variety of factors ranging from Federal Reserve rates hikes, possible stagflation and potential recession has pushed stocks into notably volatile levels. The Chicago Board Options Exchange’s CBOE Volatility Index, popularly called the VIX, hit a high of 31.98 on May 5. That spike registered the market’s growing unrest as investors attempted to square key data indicators with a larger economic horizon. The VIX pared back those gains to then res…