Whilst equities closed moderately weak, the VIX saw some minor swings across the day (intra range 16.74/15.38), settling +1.0% @ 15.62. Near term outlook offers a little further VIX upside, but broadly.. equities look set to continue higher into year end.. and that will keep the VIX subdued.
VIX remains well under the key 20 threshold.. and is likely to remain so for the vast bulk of the rest of the year.
A brief spike (whether on a rate hike... or year end equity price swings) seems probable to around 20... but not sustainably above.
more later... on the indexes