The Volatility Index (VIX) continues to bleed out as the market indices print record highs. Nobody seems to be afraid of the FED or Omicron anymore, but they do finally seem cautious on the zombie companies loved by Cathie Wood. Oddly enough, Ark Funds and Bitcoin haven’t participated in the end of year move higher.
Will value investing make a comeback in 2022? Recent market action seems to suggest that is possible. The VIX has firmly entered the greed range under (18) and may test lows (14.10) if the melt higher continues.