VIX or the Fear Index has settled well below 20. This is the lowest closing since COVID started back in Feb 2020.
This is a good sign for the bulls. Market went up in 2020 but the VIX was elevated. Finally it has cooled off, so it seems that the market is trying to get over the COVID shock and move on.
The above image is a longer term view of the VIX. See how it spends most of the time below 20. So it is good news that we have finally come back to its normal range.
