Tag Archives: Chicago Board Options Exchange Volatility Index
Let the healing begin! Stocks responded enthusiastically this week to the Federal Reserve’s dramatic half-point rate cut, with all the major indexes closing sharply higher. But the most encouraging news came from an obscure little indicator that measures investor anxiety.
When does it stop—or even just pause? Wall Street continued its seemingly unstoppable climb today, with the blue chip Standard & Poor’s 500 Index posting yet another new multiyear year high (its highest close since November 8, 2000, six long years ago).
The stock market could use a breather. We’ve been rallying for almost four weeks now, and the gains have been impressive (about 7% as of today on the S&P 500).