Gap Between Calm Market, Single-Stock Vol Harkens Back to 2000

The gap between calm major US equity gauges and elevated single-stock volatility resembles conditions seen in 2000, according to market analysis. While stock-market risks are widespread, index-level measures show little sign of stress, masking underlying turbulence in individual names. This divergence suggests investors may be underestimating potential shocks hidden beneath a placid surface.