CBOE Volatility Index — market fear gauge
Investors have digested SpaceX’s historic IPO, driving a rebound in tech and semiconductors. The VIX has fallen below long-run averages as traders unwind hedges, while options data shows hedging activity remains concentrated in puts. SpaceX shares surge, signaling renewed appetite for the mega-IPO era.
Stock volatility has re-emerged as Iran-related tensions and high AI investment drive risk. The VIX has spiked, yields are higher, and analysts warn that near-term earnings momentum could amplify swings. Midterm dynamics and valuations complicate the outlook as investors weigh rate paths.