MarketWatch: “What the ‘mysterious shrinking’ of Wall Street’s fear gauge means for stocks, according to DataTrek”
By datatrekresearch in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek co-founder Nick Colas:
.... "Wall Street’s so-called fear gauge has been subdued this year, in a “mysterious shrinking” pattern, that’s a bullish signal for equities, according to DataTrek Research.
Declines for the Cboe Volatility Index VIX fear gauge come despite continued worries over inflation and elevated interest rates.
“We’ve been saying for several months that a low VIX is a sign that U.S. stocks are in a bull market rather than being excessively delusional about the obvious challenges ahead,” said Nicholas Colas, co-founder of DataTrek, in a note emailed Monday. “We still believe the next few weeks will be choppy, however"....
Full article here on MarketWatch.
