CNBC:”Wall Street’s fear gauge is close to signaling a bear market, says DataTrek Research”
By datatrekresearch in IN THE NEWS
Excerpt from CNBC quoting DataTrek co-founder Nick Colas:
.... "Wall Street’s fear gauge is close to signaling a bear market, according to DataTrek Research.
The CBOE Volatility Index topped the 29 level on Thursday in a sign the stock sell-off will continue unless volatility abates from here. Typically, a reading above 20 indicates elevated fear and uncertainty in the market, according to Nicholas Colas, the firm’s co-founder.
“The CBOE Volatility (VIX) Index is on the verge of signaling an outright bear market in US stocks, implying further downside from even tonight’s post-tariff announcement levels,” said Colas in a note to clients. “All is not lost, but volatility needs to decline quickly from here"....
Full article here on CNBC.
