President Trump’s first week in office has brought a barrage of executive orders and tariff talk, but investors appear to be shrugging off the uncertainty.
The Cboe Volatility Index, the widely followed fear gauge that trades under the ticker VIX, ticked up 0.3% to just over 15 in early trading. Any reading of under 20 is typically seen as an indicator of relatively low uncertainty.
The muted move suggests Wall Street wasn’t too fazed by Trump’s latest comments on tariffs. The President said in an interview aired by Fox News late Thursday that he “would rather not” hike taxes on imports from China, even though the option to do so gives Washington “tremendous power” over Beijing.