Get Fearful When The Stock Market Gets Greedy

Authored by Simon White, Bloomberg macro strategist,

The VIX, the so-called fear gauge, is driven just as much by greed, with neither sentiment leading to the bearish or bullish outcome expected for stocks. Greed has yet to take hold of the current rally, but when it does, equities are at risk.

Fear is morphing into fearlessness as stock markets in the US make new highs or flirt with them.