WTI crude has risen 24 per cent over three weeks as the Hormuz conflict widened, while the VIX volatility index gained only about 11 per cent over the same stretch, reversing most of a spike from a Saudi pipeline strike within a single session. Researchers who study decision making call this anchoring, where a reference point set by months of the same conflict causes new escalations to register as smaller adjustments than they actually are. A quiet VIX here reflects a desensitized instrument, not a calm market.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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