Examining the Evidence for a Pullback
Hey, it’s Ross Givens here with the Chart of the Day. Intriguing insights await as we dive into today’s chart, revealing the intriguing relationship between the Volatility Index (VIX) and the S&P 500 since late 2022. Noticeably, the VIX has surged to a 5-month high, coinciding with April’s market turbulence. Despite this, the S&P 500 remains just 2.5% below its peak, with the Nasdaq faring even better. What’s the story behind these dynamics? Discover the full analysis in today’s Insight of the Day.
April 15, 2024
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