Wall Street's 'fear gauge' is doing something unusual as stocks hit record highs
Reported by CNBC · cnbc.com · August 5, 2026
Stocks and the Cboe Volatility Index move together only about 20% of the time.
What the tape says
What to watch: This report cites a concrete figure (20%) — compare it against the trailing trend before treating one data point as a turning point.
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