U.S. stocks ‘fear gauge’ at 6-month low as Wall Street eyes new highs

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U.S. stocks ‘fear gauge’ at 6-month low as Wall Street eyes new highs GlobeInvestor

With U.S. stocks a stone’s throw away from hitting a record high, Wall Street’s so-called “fear gauge” slipped to a fresh six-month low on Friday, in a sign investors expect the good times to keep rolling.

But you wouldn’t know that looking at the Cboe Volatility Index today. On Friday the VIX - a widely followed options-based barometer of expected near-term volatility for stocks - slipped as low as 12.11, its lowest since October 5. “Despite the fact that the market is closing in on record highs, systematic and macro investors have a long way to go in terms of re-levering their portfolios,” the analysts said.The return of these types of investors to stocks can continue for the next couple of months and support the market, they said.

 

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