The VIX has been a traditional measure of sharemarket confidence, but increasingly its credibility is being called into question
The VIX has been a traditional measure of sharemarket confidence, but increasingly its credibility is being called into question. The accompanying article makes some excellent points, particularly around the level of complacency in the market at present. With central banks around the world continually adding fuel to the fire, sharemarkets are complacent and pretty much expect further gains as a result. The problem is that sharemarkets in many instances don't necessarily reflect the health (or ill-health) of the underlying economy. (VIEW LINK)
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Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
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