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Stocks and VIX Turn Heads by Moving in Lockstep for Two Days

Some say the alignment could be a danger sign

Two major stock and options market indicators were on the same page this week, an unusual alignment that some strategists view as warning that stock indexes could be headed for a fall.

The S&P 500 closed at fresh highs the last two days, signaling investor enthusiasm for stocks. The CBOE Volatility Index, which measures expectations for swings in the S&P 500, also climbed those two days, a sign of increased hedging activity....

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