Tech Stock Volatility Hits 23-Year High. Is the Bull Market Ending?

A key measure of turbulence in technology stocks just reached its most extreme level in 23 years. This spike in volatility—a measure of how sharply prices swing up and down—signals growing uncertainty among investors. When volatility climbs this high, it often precedes a major market shift. Historically, such extremes have marked the final stages of a bull market, suggesting the clock may be ticking on the current rally. The data does not predict an immediate crash. But it warns that the risk of a significant downturn is rising. Investors should watch for further signs of instability in the coming weeks.