Fra TMEG/ Refinitiv. Grafik: VIX continues the sharp move lower and has now gone from 35ish to just below 26 in a straight line. The “out performance” vs SPX is becoming rather “impressive” here. Volatility is mean reverting so the logic of “last time VIX was here…” isn’t accurate over longer time frames, but last time VIX was trading at these levels was back in early May (5th)…back then the SPX was almost 250 points higher. Time to buy SPX and VIX soon?
