New Highs Beat New Lows 3-to-1 Even as the VIX Spikes: What the Internals Are Really Saying Into the Fed
Headline indices are sliding into the Fed decision and the VIX just spiked past 19.7 — but breadth tells a calmer story: new highs beat new lows 3-to-1 and semiconductors are simply resetting an overbought RSI, not breaking down.