Wall Street’s Fear Gauge Is Acting Up. It May Signal Trouble
- VIX behaving in a way that’s preceded stock losses in the past
- Technical indicator shows the gauge is likely to keep rising
This article is for subscribers only.
At this point, most investors probably just want the year to be over to book their gains -- especially now that the Cboe Volatility Index is behaving in a way that’s preceded stock losses in the past.
The VIX, also known as Wall Street’s “fear gauge,” jumped 16% on Monday and was up another 2.3% to 16.23 as of 8:15 a.m. Tuesday in New York. The S&P 500 Index remained less than a percent away from its record high.