Just for your reference, today both SPX and VIX dropped. This is rare especially because SPX dropped more than 1%. The following table illustrates how the market performed in the past when SPX dropped more than 1% while VIX also dropped on the same day. The statistics were collected on March 27, 2008, so there’s no data shows after March 27, 2008, but we all know what happened after March 27, 2008. So, if history repeats itself, seems like the market performs well in the coming week as well as the coming month.
Today’s report will come soon… This is just a snack. 🙂