Brian Stutland made an appearance on July 2nd on Bloomberg TV, providing insight into the recent breakout of the VIX to higher levels, thus giving an indication of credit concerns in the financial stocks and political turmoil brewing. Check out

to hear his podcast recording.

Following Brian’s comments, we saw Freddie Mac and Fannie Mae stocks begin to tumble, thus confirming how the VIX’s move acted as a leading incdicator to the market. As listed below, however, the VIX may be telling another story about the market in the weeks to come, as it had a huge reversal on Tuesday.