July 2, 2024, 10:17 AM UTC
By Jan-Patrick Barnert
Jan-Patrick Barnert
Bloomberg News
The calm US stock market may just be getting even calmer.
Over the past 15 years, the Cboe Volatility Index has had its lowest average daily reading in July, data compiled by Bloomberg show. And at just <-bsp-bb-link state="{"bbHref":"bbg://securities/VIX%20Index/GP","_id":"00000190-72fb-d0b4-afdb-77ff64d90000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">under 13 points-bsp-bb-link>, the gauge of S&P 500 Index implied volatility, also known as VIX, is already very low.
Read more: <-bsp-bb-link state="{"bbDocId":"SFPC0XT0G1KX","_id":"00000190-72fb-d0b4-afdb-77ff64da0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Big Names in S&P 500 Overshadow the Risk of a Volatility Jump-bsp-bb-link>
US stock moves have been muted even with a contentious presidential election looming and potential Federal Reserve interest-rate cuts. That’s partly thanks to cooling inflation, rising corporate earnings …
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