Wednesday 28th February 2018
The calm after one storm – and before the next….
Markets appear to be recovering from the tremor that shook them earlier this month….
The FTSE 100 is 200+ points ahead of its February 9th low….
The FTSE 250 has recovered 700 points over the same period….
In the US, the Dow Jones Index, the S&P 500 and the Nasdaq Composite have each made-up lost ground in similar fashion….
Jangled nerves appear to have settled. Hands have stopped shaking. Heart-rates and blood pressure readings have returned to levels closer to pre-tremor norms….
Market confidence is gradually rediscovering its legs – it is no longer to be found whimpering in the corner, curled up in the fetal position….
The white- knuckle ride has levelled out into something more familiar and much less unsettling. The worst appears to be over….
- VIX reflects renewed sense of well-being….
We see this renewed sense of well-being reflected in the CBOE Volatility Index or VIX chart….
Some people call it the Fear Index. You might also think of it as the Complacency Index….
You might recall that the Index measures how volatile investors expect the market to be across the next 30-day-period.… Click here to read more