Chart of the Week

The VIX, or Fear Gauge as it’s regularly referred to, is not sitting at complacent levels but there’s not much fear in the market at present as it remains well below the psychological 20 area. Not an exciting chart in many ways but it tells us to be patient toward equities at present as we wait to see what comes next.

• We often try and pre-empt big swings in stocks but currently several markets like the VIX are telling us that it’s time to let the market show us what comes next.