VIX just dipped back under 18 -5% today

Key Concepts:

• VIX (Volatility Index)
• VIX levels (above 20, below 18)
• VIX trend (down 5% today, down 25% over 5 days)
• Sustainability of VIX levels

VIX Performance and Trends

The VIX, a key indicator of market volatility, has experienced a significant decline. As of today, it is trading below the 18 mark, representing a 5% decrease. Over the past five days, the VIX has fallen by approximately 25%.

Sustainability of VIX Levels

The transcript highlights a previous discussion about the sustainability of VIX levels. It is stated that there is "none above 20," implying that sustained VIX readings above this threshold are unlikely. The current downward trend in the VIX is presented as evidence that this prediction is "playing out right in front of us as we speak."

Conclusion

The VIX is demonstrating a strong downward trend, falling significantly both on a daily and a five-day basis. This movement aligns with the expectation that elevated VIX levels (above 20) are not sustainable, and the current market action is confirming this outlook.