Fear of a January Repeat Arise After Breakdown of Stocks-VIX Correlation
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U.S. stocks have been on a tear over the past week. So why has the market’s “fear gauge” barely budged?
The stickiness of the Cboe Volatility Index, which tracks the 30-day implied volatility of the S&P 500 Index based on out-of-the-money options, eerily echoes conditions that prevailed in early 2018.