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Markets are too Calm about Looming Debt Limit

U.S. Treasury Secretary Jack Lew says Wall Street should take the looming debt limit more seriously.

While stocks have slipped for four consecutive days as investors turn their attention to Washington and the looming debt limit, the S&P 500 and Dow are just 2% from the all-time highs reached last week.

In addition to the muted market action, a key metric for measuring market fear and volatility, the VIX (VIX), is indicating calm markets. While CNNMoney’s Fear & Greed Index has ticked just slightly into “Fear” mode, from neutral earlier in the week.

CNN [1]

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