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SP500 $VIX vs Nasdaq 100 $VXN

yogibearbullyogibearbull
edited December 2021 in Other Investing
Today started as an up day, but ended as a down day due to a C-19/Omicron case found in CA in a fully vaccinated person who returned from S Africa.

An odd observation in some recent down days has been that SP500/SPY $VIX has been almost same or higher than Nasdaq 100/QQQ $VXN. This is very unusual for these 2 volatility indicators. Clearly, SP500 is a blend while Nasdaq 100 is large-cap growth heavy in techs. This is an ongoing battle between cyclicals and growth and news of the day favors one or the other.
https://stockcharts.com/h-sc/ui?s=$VIX&p=D&b=5&g=0&id=p56537685927

Comments

  • Derf
    One person in USA confirmed with newest variant caused the market to flip flop !!??
    I hope person number two doesn't show up ! This may turn into a real dip buyer .
    Stay the course, Derf
  • JD_co
    Maybe the Omicron variant is just the excuse the stock market needed to finally let some air out of the bubble. Today's action was cringe-worthy.
  • WABACWABAC
    JD_co said:

    Maybe the Omicron variant is just the excuse the stock market needed to finally let some air out of the bubble. Today's action was cringe-worthy.

    Yep.

    The snow is on the mountain. Just waiting for the sound in the valley to start the avalanche.

    I forget where I read that bromide about over-valued markets. But it's a lower threshold than looking for a black swan.
  • davidrmorandavidrmoran
    will be good times to buy
  • Baseball_Fan
    If you have any shekels left to buy something....
  • Derf
    How will government function with no CG's to tax ?
  • yogibearbullyogibearbull
    This morning:
    SP500 VIX 36.8
    Nasdaq-100 VXN 35.3 (so, less than VIX)
    Oil OVX 50.5 (not much changed)
  • yogibearbullyogibearbull
    This morning, SP500 VIX 33.78 is again slightly higher than Nasdaq-100 VXN 33.34.

    Oil OVX 64.37.

    To get approximate DAILY volatilities, use value/19.
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