Fear Gauge’s 58% Surge Leaves Stock Strategists Asking What Next
- VIX cracking four-month high could mark inflection point
- Seasonality, thin volume may factor in ‘fear gauge’ spike
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The VIX is stirring.
After spending most of the summer below 15, the Cboe Volatility Index climbed as high as 18.38 on Monday, a level not reached since June 28. The so-called fear gauge climbed as much as 58 percent in the past three days, and its futures curve has inverted in each of the past two sessions, which suggests traders anticipate more near-term turbulence in stocks. That has strategists talking about what comes next.