
WALL STREET’S FEAR GAUGE LOWEST SINCE NOVEMBER 2019 AHEAD OF THE FED, PPI BETTER THAN CONSENSUS
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Fear Evaporates Please click here for a chart of CBOE Volatility Index (VIX). Note the following: The chart shows that VIX has fallen to the lowest levels since November 2019. VIX is also known as Wall Street’s fear gauge. Fear has evaporated as market mechanics have taken over. When market mechanics drive the stock market higher, VIX hitting a low is inline with pre-pandemic historical patterns. From historical patterns, when fear completely evaporates, often some event comes along that causes the stock market to drop. Producer Price Index (PPI) came better than