Wall Street fear gauge hits 3-year low as 'FOMO' inspires traders to chase stocks higher

Wall Street’s “fear gauge” has fallen to its lowest level in more than three years as the S&P 500 index looks poised to break out of bear-market territory.

At the same time, the S&P 500 SPX notched a fresh 10-month high as the large-cap gauge looked set to exit bear-market territory, having risen nearly 20% from its closing low of 3,577.03 reached on Oct. 12, according to FactSet data. This reservoir of capital could soon be put to work in the market, Stovall and Johnson said, if investors feel they’re missing out after what has been a strong rebound year for stocks after the losses of 2022, which were the worst since 2008. The S&P 500 is up 11.5% so far in 2023, with the Nasdaq up 26.5%.

But on Feb. 5, 2018, the short-volatility trade suddenly imploded, provoking what market strategists called “volmageddon.” Although it tends to move in the opposite direction of the S&P 500 on a daily basis — but not always — the level of the index is actually determined using demand for put and call options tied to the S&P 500.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock market today: Wall Street futures point higher on debt deal, but some tremors in retailGlobal benchmarks were mostly higher Thursday after the United States House of Representatives approved a debt ceiling and budget cuts package, avoiding a default crisis.
출처: wjxt4 - 🏆 246. / 63 더 많은 것을 읽으십시오 »

Stock market today: World follows Wall Street up on hopes Fed will ease off rate hikesAsian stock markets followed Wall Street higher Friday ahead of a U.S. jobs update after Federal Reserve officials reignited hopes another interest rate hike might be postponed.
출처: wjxt4 - 🏆 246. / 63 더 많은 것을 읽으십시오 »