Today's Chart of the Day was shared on Twitter by Troy Bombardia (@bullmarketsco). It's a chart of the Volatility Index ($VIX) with a table showing how the VIX historically performs after falling below 12. As Troy points out, the VIX fell below 12 today for the first time in over three months. According to his table, the VIX tends to be higher the week after falling below this critical level, 85% of the time with an average gain of 5.38%. If history is any guide, it would be wise to anticipate a pick up in volatility from these depressed levels, particularly in the very near term.
Chart of the Day - Thursday, July 25th, 2019
July 25, 2019
