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Nomura: Why VIX Is So Low

Tyler Durden's Photo
by Tyler Durden
Thursday, Apr 20, 2023 - 05:45 PM

The S&P 500 just did something it hasn't done since 2021: The benchmark index went 19 straight days without falling at least 1% in a single session; showcasing a lack of anxiety about the stock-market advance that's on track for its fifth week of gains in seven.

As Bloomberg notes, several explanations could be supporting the trend. One is that the earnings season - the current center of investor attention - is off to a strong start. Secondly, the mini banking crisis in March is slowly getting further in the rear-view window, and no alarming developments are adding to it this month.

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