Don’t call it a panic.
Investors seem to be piling into traditional havens like Treasurys TMUBMUSD10Y, +0.00% gold GCM7, +0.94% and the Japanese yen this week. And stock-market volatility, as measured by the CBOE Volatility Index VIX, +1.20% widely known as Wall Street’s “fear gauge,” is at its highest since just after the U.S. presidential election in November.
But U.S. stocks, while looking shaky, haven’t seen an outright plunge. And other assets generally perceived as risky, including high-yield corporate debt and emerging market equities and bonds have held their own.
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