Wall Street's fear gauge fell to its lowest level in 3 years just as a new bull market hits stocks.
The decline in the VIX suggests that the stock market has entered a regime of low volatility following the bear market of 2022.
A new bull market starts when an index surges 20% from the lowest close of its bear market.
The Nasdaq 100 already entered its bull market at the end of March.
"We wouldn't be surprised at all if this new bull market would continue much longer than most think and the VIX will also stay consistently beneath 20.
Persons:
Carson Group's Ryan Detrick, —, Nicholas Colas, Colas, Carson Group's, Ryan Detrick, Detrick, Katie Stockton doesn't, we've, Stockton
Organizations:
Service, Nasdaq, DataTrek Research