Whilst equities closed moderately mixed, the VIX was unable to hold the morning gains (intra high 16.00), and settled -4.8% @ 14.33. Near term outlook still offers an equity retrace to the sp'2060/20 zone, which should equate to VIX briefly testing the key 20 threshold.
*net weekly decline of -4.9%.
Broadly, the VIX remains very subdued, as the US capital market is increasingly confident into year end.
A brief foray into the VIX 20s looks probable at least once or twice by mid December, but with most equity indexes set to break new historic highs, VIX will likely remain low.
*I have ZERO interest in being long VIX until late spring 2016.
more later... on the indexes