With the main market seeing some mixed chop across much of the day, the VIX managed to push a little higher, settling +2.8% @ 11.84. Near term outlook is for the VIX to slip back into the 10s, not least if market breaks into the sp'2000s.
Little to add. The intraday spikes on the VIX remain embarrassingly small. It took the loss of a passenger jet and Israeli battles just to hold the 15s for a single trading hour...
Q. What will be necessary to get the VIX back into the 20s?
With my broader outlook to the sp'2130s, I'd have to guess we probably won't see VIX 20s again until next year.
Certainly, I have zero interest in going long the VIX for some months.
more later... on the indexes