NEM News: VIX Vixens: 7 Attractive Stock Bets as the Fear Gauge Spikes - 15th Aug 2024, 1:30am

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Early this month, the CBOE Volatility Index, or VIX soared to multi-year highs. As a contrarian indicator, a northward trek of the fear gauge implies a negative outlook for equities. To put it simply, the VIX tells us the magnitude by which options traders anticipate the market will move. Since acceleration is sharper during down cycles than up, higher mobility is generally bearish. Still, speculators may want to consider certain stocks to buy now.

That’s because the VIX is part of the usu...

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