The VIX is one of my favorite indicators of the heartbeat of the economy. The VIX is nearing a low 15 and this is not seen in history since October 2021. What happened in October 2021 is we had a short upward move of the market before we hit a high in the 3 stock market indices… Before we began trading deeply downward for the next many months.
If history shows us anything it is that we will probably see a short spurt in the market in the next few weeks/2 months and then the market will begin to show weakness and trade downward. Is this at all an accurate assumption?
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