How it’s computed: half price, half fear. Price: the three indices’ average move (-0.37%), 25 points per 1% from 50. Fear: the VIX (18.7) as 50 − 4 × (VIX − 20). Averaged, capped 0–100.
The Call
Magnificent Seven splinters as tech spending accelerates.
JPMorgan takes lead role in Anthropic's upcoming IPO
JPMorgan Chase will handle domestic retail marketing and share allocations for Anthropic's planned IPO, with CEO Jamie Dimon set to join co-founder Dario Amodei.
Importers move closer to $166 billion in tariff refunds
Class counsel in Freestyle World v. United States filed a motion that would automatically return tariff collections to all eligible importers, despite administration efforts to limit refunds.
Canada's ambassador says US tariffs raise costs, threaten investment
Canada's ambassador warned that Trump's tariffs are driving up costs and threatening US investment as trade tensions complicate negotiations between the two countries.
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Market data from the sources noted under Your Tickers; stories from the publishers linked above. Market data may be delayed. Not investment advice. For information only.
