The clock is ticking down to a big reading on U.S. inflation, a red-hot topic for markets. Ahead of that, stock futures are pointing south, but by a less hefty amount than seen as of late.
Based on similar instances of VIX spikes since 1990, “unless we are entering a recession, the VIX spike is simply a panic/reset. And this washes out investor sentiment,” said Lee. He said all nine other worst TICK readings took place during bull-market periods, with the exception of 2001, though he doesn’t think markets are repeating that year, given stocks were already in a downtrend two years before that.“While many investors might view [Tuesday’s] plunge and the surge in the VIX as a negative sign, it might surprise you but these are actually bullish signals.
Days after a cyberattack, the Colonial Pipeline fuel outage continues to cause misery for U.S. drivers. The U.S. Energy Department says it is trying to help: