Tom Lee: 4 reasons an all-time high could be approaching
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The significance of the VIX index moving above 50 and then falling below 30, as described by Tom Lee, is that this pattern has marked three of the last three market bottoms. He explains that when the VIX surges, investors derisk, but as soon as it settles down, they re-risk, leading to a market rebound.
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According to Tom Lee, the S&P 500 peaked one month after Bitcoin reached its peak in January 20th of that year.