Why This Kangaroo Market Feels More Painful Than It Looks

“Kindness is the sweetest language of all.” — Hello Kitty 

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There’s a reason why this year’s kangaroo market feels so painful, even though the stock market has been mostly resilient throughout the Middle East conflict. 

Wall Street’s fear gauge, VIX, has jumped 75% in 2026 to about 25, signaling just how nervous investors have been. When they expect a selloff, they are typically more willing to pay up for options to protect the...

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