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- There's not much for equity investors to be excited – or scared – about right now.
- The hype around AI has fizzled out, and the Federal Reserve looks like it'll soon stop raising interest rates.
- That's dragged Wall Street's "fear gauge" to its lowest level since November 2019.
Stocks are really boring at the moment.
There are lots of people who'd tell you that statement is always true – but in September 2023, it's difficult for even the most ardent markets junkie to find anything to get excited about.
Summing up the lack of drama is the VIX, often referred to as Wall Street's "fear gauge".