U.S. Share Buybacks and VIX

U.S. Share Buybacks and VIX Interesting chart suggesting the relationship between U.S. share buybacks and VIX. Image: Societe Generale Cross Asset Research

VIX Level and S&P 500 New Highs

VIX Level and S&P 500 New Highs The VIX level when the S&P 500 reached new highs for the first time is rising. Image: Goldman Sachs Global Investment Research

VIX and MOVE Rolling Correlation

VIX and MOVE Rolling Correlation Periods of high correlation between safe and risk assets are generally not good for balanced portfolios, because diversification is hard to find. Image: Arbor Research & Trading LLC

Distribution of VIX

Distribution of VIX Interesting chart showing that VIX has avoided both extremes (<12 and >25) this year. Image: Goldman Sachs Global Investment Research

Currency Sensitivity vs. VIX

Currency Sensitivity vs. VIX If VIX spikes, this chart suggests that investors should be long yen. Image: Nordea and Macrobond

VIX Term Structure Inversion

VIX Term Structure Inversion This great chart suggests that the VIX term structure inverting is often associated with an imminent low and an average gain of 8.9% over 6 months (since 2016). Image: Fundstrat Global Advisors, LLC

VIX and MOVE Correlation

VIX and MOVE Correlation Periods of high correlation between VIX and MOVE are not good for balanced portfolios, because diversification is hard to find. Image: Arbor Research & Trading LLC

The Yield Curve Leads VIX (Volatility) by Three Years

The Yield Curve Leads VIX (Volatility) by Three Years Is more volatility expected ahead? This chart suggests that the CBOE Volatility Index or VIX usually follows the U.S. 10-year vs. 2-year Treasury spread (inverted) with a 3-year lag. Image: Morgan Stanley Research

Fed Funds Target Rate and VIX

Fed Funds Target Rate and VIX Is more volatility expected ahead? This great chart suggests that the Fed funds target rate leads VIX by 2 years. You may also like “VIX is in a Transitory State” and “The Yield Curve Leads Volatility by Three Years.” Image: Bloomberg, Jeffrey Kleintop