Keep An Eye On The VIX. Volatility May Come Soon!!

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History suggests it would be highly unlikely for the S&P 500 not to re-test the March lows given the size of the recent drawdown and the fact a recession is now underway. Since the VIX peaked and the S&P bottomed in mid-March, the VIX has been falling at among its fastest pace on record. However, based on history and given the current level, to many this suggests the VIX futures are likely pricing in a new stock market low in the future.
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