), Wall Street's favorite gauge for fear and volatility, hit 21 for the first time since a regional banking crisis rocked the stock market in March.what was once a roaring 2023 market rally.
Emanuel had drawn a key line in the sand for the VIX at 21. Below that number, the index could be "micro-driven" by things like AI and"Geopolitical risk is arguably as high as it has been at any time, except 9/11, since before the 1989 Fall of the Berlin Wall," Emanuel wrote. "We're using the word crosscurrents right now," Lerner told Yahoo Finance Live. "I do think as far as you think about what's happening, the, you know, equity market has been very resilient in spite of everything that's happened here recently."Recent market action shows the path to a calmer VIX is likely rather straight forward. Investors want a clearer picture of when the Fed will be done hiking rates, which would likely relieve pressure on yields.
A man walks past the New York Stock Exchange in New York's financial district February 13, 2014. Live news: Landmark Toronto condo put into receivership after racking up $1.7 billion in debt
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