Tom Lee cites VIX curve change to support market outlook
1 report, 1 independent
Updated 00:00
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What happened
Tom Lee stated that the recent technology-stock selloff has reached a bottom, citing Monday's gains and a change in the VIX curve. He noted that the term structure of the VIX, which compares expected volatility over different periods, returned to its usual shape after reversing last week.
From econotimes.com
Why it matters
Lee argued that investors were perceiving more risk than the market conditions warranted. His view suggests that the market may have found a floor after the selloff, based on the shift in volatility indicators.
From econotimes.com
Who's involved
- Tom LeeChairman and CIO of BitMine Immersion
- BitMine ImmersionCryptocurrency firm where Tom Lee serves as Chairman