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Axios May 9, 2017
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The talk of Wall Street

Wall Street's "fear gauge" dropped to its lowest since 1993 following centrist Emmanuel Macron's victory in France, Reuters reported: "The CBOE Volatility index dropped 0.8 point to close at 9.77 ... A declining VIX typically indicates a bullish outlook for stocks."

Be smart: The Wall Street Journal warns: "Some investors interpret the VIX's decline as a contrary indicator of where the market will go. Their view is that ... investors have grown too complacent. And some say investors are turning to other financial instruments to protect against a downdraft in stocks."