Volatility – Percentage of Trading Days with VIX Above 20 91% of the trading days this year, the VIX Index has been above 20. Should U.S. equity investors remain cautious? Image: S&P Global Market Intelligence
Volatility – Average VIX vs. Short-Term Rates Levels VIX is expected to remain high in 2023. Image: J.P. Morgan Equity Derivatives Strategy
Yield Curve vs. VIX (Leading Indicator) U.S. equity investors should expect more volatility ahead, as the yield curve tends to lead the VIX by three years. Image: BofA US Equity & Quant Strategy
S&P 500 and 3-Month VIX Relative to VIX (VIX3M/VIX) Should investors expect the summer rally in U.S. stocks to continue? Image: BofA Global Research
Seasonality – Average Daily Return for S&P 500 and Level for VIX Seasonality suggests that the S&P 500 tends to move lower with higher volatility over the next few months. Image: Topdown Charts
Volatility – VIX/MOVE Ratio The VIX/MOVE ratio is back to pre-COVID lows. Image: The Daily Shot
Volatility – S&P 500 Spot Price and VIX Index The VIX remains below early 2022 peaks, despite the sell-off. Image: Goldman Sachs Global Investment Research
VIX Index Around U.S. Recessions Will U.S. equity markets remain volatile amid inflation and recession fears? Image: Gavekal, Macrobond
PE to VIX Ratio and S&P 500 6-Month Forward Return Higher volatiliy and lower valuations typically align with higher expected returns. Image: Richardson Wealth
VIX and the S&P 500’s Distance from its 12-Month High Should investors expect a higher VIX regime going forward? Image: Goldman Sachs Global Investment Research