Reported 2 months ago
Fundstrat's Tom Lee suggests that the worst is behind investors as the CBOE Volatility Index (VIX) has sharply declined from a historic peak, implying that the recent market turmoil was a temporary 'growth scare.' Following a record surge in the VIX due to the unwind of the yen carry trade, its swift drop signals stability, with historical trends indicating a likely resurgence in stock prices. Lee emphasizes that the normalization of the VIX indicates a recovery phase for the market.
Source: YAHOO