Thu Nov 20 17:40:00 UTC 2025: Okay, here’s a news article summarizing the provided text:
News Article:
Wall Street’s “Fear Gauge” Spike Raises Questions About Future Market Performance
By [Your Name/News Outlet Name]
[Date – today’s date] – The CBOE Volatility Index (VIX), a key indicator of market fear, briefly surpassed 25 on Tuesday, prompting analysis of its historical impact. According to a technical strategist at Piper Sandler, a review of VIX breaches above 25 since 1990 reveals a mixed bag for future S&P 500 performance.
While the average 12-month gain for the S&P 500 following such spikes is a modest 3.11%, the median gain is a more encouraging 8.62%. This suggests that while some periods following high VIX readings saw weak returns, others experienced more robust growth. Investors are closely watching market developments in the wake of this latest volatility surge.
Summary of Text:
The VIX (fear gauge) exceeded 25. Historically, when the VIX breaks 25, the S&P 500 has a mixed 12-month performance: a low average gain but a more substantial median gain since 1990.
First Piper 