Skip to content
Subscriber Only

Stock Bulls Stare Down Next Hurdle: VIX’s Dismal August History

  • VIX has risen an average of 11.7% in August over past 15 years
  • Markets are looking vulnerable right now, Minerd says

Equity bulls contending with rising coronavirus case counts and increasingly bleak economic data have something else to worry about: August.

The Cboe Volatility Index -- known as the market’s “fear gauge” -- has gone up an average of 11.7% in August over the past 15 years, more than any other month. May is a distant second, with an average 6.8% rise. Increased equity turbulence generally means stocks are struggling: The S&P 500 has dropped 0.4% in August on average since 2005.