Meanwhile, the CBOE Volatility Index reveals that investors are growing more complacent with the current market rally. The VIX is currently shows a 12 reading, falling almost 30% over the past week to its lowest level since December 2014.
“We seem to have this aura of calmness,” Boris Schlossberg of BK Asset Management said on CNBC. “It’s very likely stock gains are going to continue, and the VIX is going to continue to go down.”
SPDR S&P 500 ETF
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Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own shares of SPY and IVV.