Previous Close | 16.33 |
Open | 16.35 |
Volume |
Day's Range | 16.29 - 16.37 |
52 Week Range | 15.53 - 35.05 |
Avg. Volume | 0 |
“There is an incredible consensus for a soft landing,” Paolini told _Barron’s._ But he thinks investors are ignoring numerous risks, such as the possibility that earnings forecasts for next year are too high and the prospect for more market volatility heading into the U.S. presidential election. Simply put, it looks like investors are too sanguine.
U.S. stock markets closed lower on Wednesday after the Fed cut the benchmark lending rate by 50-basis point.
The CBOE Volatility Index, also known as the VIX or the market’s fear gauge, was down 0.8% early Tuesday. Over the past 5 days, it has plunged 10% as investors ramped up expectations for a half-point interest-rate reduction from the Federal Reserve on Wednesday.