Wall Street's Panic Gauge Just Broke a 13-Year Record. Goldman Says History Favors a Rebound

Goldman Sachs’ Panic Index surged to 9.57, a record two-day swing and the highest reading in 13 years. The gauge, which tracks investor fear across markets, has now triggered 15 historical panic signals that Goldman says have typically preceded S&P 500 rebounds. The extreme reading reflects heightened volatility and risk aversion across Wall Street. Investors will watch whether the index mean-reverts in coming sessions, as it has after past spikes, or stays elevated amid sustained market stress.