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The VIX Index - More Trouble Ahead For Markets?
September 2020
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From a low of 2,191 in March to an intraday all-time high of 3,588 in September, the S&P 500’s staggering 63.7% rally in record time “officially” propelled the index into a new bull market amid one of the worst economic crises the world has ever faced.
What can explain such a dramatic gap between an insolent equity market, indifferent to macro figures, and a reality where a devastating recession is looming?
One might argue that the equity market is forw