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Geopolitical turmoil pushes up the panic index, but analysts say it has not yet reached extreme panic.
GateNewsBot
ChainCatcher News reports that on Tuesday, the fear index VIX surged by 1.9 points to a eight-week high of 20.69, closing at 20.09, the highest closing since November 24. Jim Carroll, a senior wealth advisor in Charleston, South Carolina, stated that although risk indicators have shown a clear reaction, it is not yet a full-blown panic. Alex Morris of F/m Investments pointed out that the market’s response to geopolitical turmoil is to avoid stock risks and buy gold and cash. The VIX needs to rise to 30 to trigger a real panic.
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