Whilst US equity indexes closed moderately mixed, the VIX managed a minor gain, settling +2.5% @ 16.92. Near term outlook offers further equity upside of around 1%, which might briefly equate to VIX in the 15/14s. Broadly, the VIX is set for renewed upside into end month.
Little to add.
VIX remains broadly subdued, having cooled from the 30s to the 16s.
The 30s look out of range until April, with hyper upside to 40/50s far more viable in May.
*equity bears should be seeking a monthly VIX close above the key 20 threshold.
more later... on the indexes