As the stock market reaches new record highs, Wall Street's ‘fear gauge' also is rising. Here's what that means.

Core Insights - The VIX index typically does not increase when the stock market is reaching record highs [1] Group 1 - The VIX, often referred to as the "fear index," is a measure of market volatility and investor sentiment [1] - Historical trends indicate that a rising VIX is uncommon during periods of market strength and record closings [1]