Wall Street's 'fear gauge' flashes warning that stocks might be headed off a cliff

Wall Street’s fear gauge has fallen to its lowest level in months, and Wall Street strategists are concerned it could be a warning that the latest stock-market rally is coming to an end.

Others said they’re worried the low VIX will soon revert to its long-term average, bringing the latest market rebound to an end. “While the economic backdrop has become more favorable over the past three months, we believe that much of the upside is already discounted in a lower VIX and higher stock prices,” Golub said.The gauge looks “oversold” based on a model used by Fairlead Strategies Chief Technical Analyst Katie Stockton.

Although the S&P 500 SPX has been rising since the start of the year, it has basically gone nowhere for the past month, FactSet data show.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street veteran whose fund returned 160% in 2022's bear market shares his trading 'bible'Fund manager Neal Berger, who more than doubled his money last year, reveals how he trades the market. Keywords: Fraud, Tax evasion, Scam, Ponzi Scheme...
Source: CNBC - 🏆 12. / 72 Read more »

Morgan Stanley's earnings top Wall Street expectations, helped by record wealth management revenueMorgan Stanley reported fourth-quarter earnings before the opening bell on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

SiriusXM Hires Ex-Wall Street Journal CMO Suzi Watford for New Business Development RoleSiriusXM has recruited Suzi Watford, most recently chief marketing and membership officer at Dow Jones, for a newly created role leading the satellite radio and audio-streaming company’s grow…
Source: Variety - 🏆 108. / 63 Read more »