Investors are not fearful enough for the market to bottom yet. The Fear Gauge VIX is only around 33. In history, the previous tops are 53.29 in 2015, 50.30 in 2018 and 85.47 in 2020. The accelerated rate hike, the high inflation, the Ukraine/Russia war, the China Covid lock dow and the pending recession all together is a very bad situation. It is much worst than the previous situations in 2015, 2018 and 2020. This means VIX could shoot up a lot more and the US stock market has a lot more to drop before it hit bottom.
投资者恐惧还不够,所以市场还不能触底。 恐慌指数VIX现在只是在33左右。历史上,之前VIX的高点是2015年的53.29,2018年的50.30和2020年的85.47。加速加息,高通胀,乌克兰/俄罗斯战争,中国Covid的锁定和即将到来的经济衰退加在一起是一个非常糟糕的情况。 这比之前 2015 年、2018 年和2020 年的情况要糟糕得多。这意味着 VIX 可能还会大幅飙升,美国股市在触底之前还有很大的下跌空间。
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