VIX May Have Finally Found Its Floor, Macro Risk Advisors Say
Photographer: Brendon Thorne/Bloomberg
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Volatility can’t stay this low forever -- or so investors have been saying for what feels like forever. They may have finally found their moment.
As the market rallies, “volatility isn’t that low anymore,” Pravit Chintawongvanich of Macro Risk Advisors said in a report Tuesday, adding that the Cboe Volatility Index (VIX) curve is flattening. The VIX rose as much as 22 percent on Tuesday to as high as 12.41, the highest level in six weeks. That is still around 30 percent below the average of 18.1 since the bull market started in 2009.