Interest rates are likely to continue to rise as inflation remains above levels the FOMC is comfortable with. With continued hikes, the threat of recession and downturn continues to loom. And despite a fairly strong year for US stocks, the last month has seen a reversal with the S&P down close to 4%.
Fear in the market abounds. The CBOE Volatility Index (INDEXCBOE: VIX), often called the “fear” index, is up 25.3% in the last month, while its newer alternative, MIAX’s SPIKES Volatility Index (XMIO: SPIKE) is up 20.7% in the same period.
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