VIX INDEX SINKS WITH S&P 500 AT RECORD HIGH ON HOPES FOR FED RATE CUT, US-CHINA TRADE AGREEMENTThe VIX Index dropped to its l
VIX INDEX SINKS WITH S&P 500 AT RECORD HIGH ON HOPES FOR FED RATE CUT, US-CHINA TRADE AGREEMENT
- The VIX Index dropped to its lowest degree since late July as inventory market traders despatched the S&P 500 Index to a contemporary file excessive amid hopes for a US-China Section 1 Commerce Settlement and one other FOMC rate of interest minimize
- VIX might surge if the Fed disappoints, US-China commerce tensions reignite, or recession dangers resurface in response to dismal financial knowledge scheduled for launch this week
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The S&P 500 Index leapt to a fresh all-time high barely above the three,040 value degree this morning as threat belongings like shares proceed to climb amid a lingering wave of investor optimism pushed by US-China commerce hopes and Fed fee minimize expectations. On the similar time, the inflow of upbeat sentiment amongst merchants has pushed the VIX Index – a preferred barometer of inventory market uncertainty and threat gauge – under 13.00 and to its weakest studying since July 29.
Newest commentary from President Trump on US-China commerce warfare progress helped push the S&P 500 Index to a brand new file proper. POTUS acknowledged that negotiations are “forward of schedule” alluding to progress towards finalizing the ‘Phase 1 Trade Agreement’ textual content that’s anticipated to be signed by Trump and…