Copyright 2024 Yang Market Research

Very bullish development as the VIX closed flat-to-down for a seventh consecutive session. Volatility tends to oscillate, so it’s noteworthy when it trends in one direction for an extended period. This is the 35th occurrence since 1990, and the S&P is 30-4 two months later. Average gain of 4% is 4x the 1% average loss…

Also interesting to note 10-day historical volatility for the S&P fell to an unusually low level on Monday (<5). This has historically led to a higher S&P one quarter later nearly 90% of the time…

Copyright reminder: This research note is for subscribers only. Redistribution is prohibited