A continuous collapse of the Cboe Volatility Index, or VIX, known as the Inventory Market Concern Indicator, may recommend an additional increase for stocks.
According to Tom Lee of Fundstrat, who noted on a note Thursday that the measure is about to fall below 20, which would be the first time since the start of the pandemic that falls below this key level.
The VIX is helping investors gauge expected volatility in the stock market, and since hitting a high of just under 40 in the last week of October, it is in a loose decline, falling to its current point of 24. 55. .
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The VIX listed below 20 for much of 2019, a smart year for stocks.
Fundstrat technical analyst Robert Sluymer with Lee, who under pressure last week expected the VIX to “collapse until the end of the year until 2021. “
And if the VIX continues to fall, Sluymer expects the S