Wall Street Fear Gauge Reverses
This is a news story, published by Yahoo Finance, that relates primarily to Fundstrat news.
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CBOE Volatility IndexInsider
•A sharp reversal in the stock market's fear gauge means the worst is over for investors, Fundstrat says
80% Informative
The CBOE Volatility Index, better known as the VIX , soared 172% intraday to the 65.73 level on Monday .
The VIX hit its third -highest level ever on Monday due to a violent unwind of the yen carry trade.
Since then, it has sharply declined, falling from 65 to 27 on Tuesday , representing a peak-to-trough decline of 58% .
Fundstrat 's Tom Lee says the decline is a sign the worst of the stock market's "growth scare" is over.
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