VIX Spikes on Market Jitters, But Analysts Say More Needed for a 'Buy' Signal

The Cboe Volatility Index (VIX) jumped to highest level since March, but not yet a 'buy' signal according to analysts.

VIX remains below 2022 average of 25.5, so spike not extreme. More a function of S&P 500 declines than leading indicator.

Conflict between Israel-Hamas causing some market jitters, but overall effect on assets so far relatively subdued.

Oil prices could see disruptions from conflict, posing biggest risk to markets and economy.

Unusual that conflict not causing flight to safe havens like Treasuries, dollar, yen. Markets seem unconcerned about financial impacts so far.