With the recent surge and signs of volatility fading, the market's "mini" correction may have been just enough for investors. The CBOE Volatility Index, known better as the "VIX" and an often-quoted sign of fear among investors, dropped by 5 percent Tuesday. The VIX is at its lowest level in three weeks.
"So many people expected a significant correction that it seemed like it was almost pre-destined to happen," Allianz's Hooper said. "Even though it was a 'mini-correction,' investors were able to check the box and now there's a greater comfort to move back into stocks."
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