Are We Edging Closer to Historic Sell-Offs?
These currency shifts may lead to some of the best trading markets we have ever had
Last week I wrote about the unsustainably low levels of volatility in the S&P500. Right on cue, the market complied with a series of active trading days, driving the VIX volatility level up from an ultra-low level 11.8% to 17.19%. Today the market action was even closer to the sort of hyper-volatility I am expecting over time as the S&P500 dropped by 2.30%, its largest down day since December 2022. The VIX volatility level is now over 18%, and suddenly the market has really come to life.