BofA's clients bought last week's rally
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Are investors safe as VIX retraces at record pace?
August 20, 2024 9:06 AM EDTAs the VIX retraces at a record pace, Bank of America said in a note Tuesday that investors may be tempted to breathe a sigh of relief.
However, the bank questioned whether the coast is really clear just yet.
Analysts at BofA explained that after the volatility spike on August 5, the VIX rapidly stabilized, dropping back to its pre-August year-to-date average level in just seven daysa record-setting... More
