Massive spike in VIX today associated with the new strain of COVID being announced in Europe. The markets dipped and then recovered quickly over the day as official medical commentary suggests that the existing vaccines should be able to treat the new strain.
Further, in the grand scheme of things, this is a really small jump, not even coming that close to election levels.
Ultimately I wouldn't let this affect your investing choices. I'm bullish for 2021 but neutral on this recent volatility.