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The Cboe Volatility Index, better known as the VIX or Wall Street’s “fear gauge,” is on track to finish 2025 at its lowest levels of the year — after a wild ride that had sent it to its highest level since 2020, by one measure.
That means investors are felling confident heading into 2026, said Matt Thompson, a co-portfolio manager at Little Harbor Advisors alongside his brother, Mike Thompson. While the VIX
VIX tends to trend lower in December, this year’s good cheer heading into Christmas is justified beyond certain seasonal quirks, he noted.

