Geopolitical turmoil drives up the Fear Index, but analysts say extreme fear has not yet been reached
ChainCatcher News, according to Golden Ten Data, on Tuesday the fear index VIX once surged by 1.9 points to 20.69, an eight-week high, and closed at 20.09, marking the highest closing price since November 24. Jim Carroll, a senior wealth advisor in Charleston, South Carolina, stated that although risk indicators have shown a significant reaction, this is not yet a panic response. Alex Morris from F/m Investments pointed out that the market's reaction to geopolitical turmoil is to avoid stock risk and buy gold and cash, and that the VIX would need to rise to 30 to trigger real panic.
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