All the worries about rising interest rates, a U.S. recession, the debt ceiling, and geopolitical turmoil have not caused the S&P 500 index and the SPY ETF to plunge. Since reaching a low in mid-October 2022, the leading stock market index has made higher lows and higher highs and is close to breaking out above the August 2022 technical resistance level.
The VIX index measures the implied volatility of S&P 500 put and call options. The volatility measure rises during bearish periods and falls when the stock market moved to the upside.
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