VIX remains above the 33.81 level despite equities' continued advance

VIX is continuing to show a divergence as it remains above our 33.81 level*, even though equities have pushed to higher levels.

One point of view can be that there have been lags, such as the VIX bottoming in February 2007 while equities didn't peak until October 2007. More recently, VIX peaked out before equities bottomed, both in the November lows and the March lows. It will be interesting to see whether the VIX may start leading the way higher (meaning lower for equities), even while equities may be lagging by putting in higher levels currently.

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*(see prior posts under VIX label for more info)