With equities rallying from sp'1990 to 2007, the VIX failed to hold early morning gains, settling -4.3% @ 12.09. Near term outlook is for sp'2030/50, which should equate to VIX remaining within the 13/10 zone.
*the VIX saw a second consecutive weekly gain of 0.9%.
There is little to add. VIX remains very low, and at best, if a late Sept/early Oct' equity down wave, VIX will probably max out in the 16/18 zone.
The 20s look unlikely in the remainder of the year.
more later... on the indexes