VIX Slides Below Key Level as Stock-Market Volatility Disappears
- Wall Street’s fear gauge hits lowest level since August rally
- Fall may signal investors are becoming less bearish on stocks
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The Cboe Volatility Index extended its decline Thursday, dropping below the key 20 threshold and reaching the lowest level in more than three months as Wall Street appears to be growing increasingly bullish about the stock market’s future prospects.
The VIX fell to as low as 19.80 late in Thursday’s session and closed at 19.84. The last time it finished lower was Aug. 18, in the heat of the summer rally, when it was regularly trading below 20. It was trading above 33 as recently as Oct. 11.