🚀 SPX Nears All-Time High Amid Market Volatility
#SPX #AllTimeHigh #MarketVolatility #JimBianco #BiancoResearch #VIX #StockVolatility #MarketChaos #Uncertainty #IndexVolatility
Jim Bianco, president of Bianco Research posted on X, noted that as of Friday's close, the SPX was just 0.99% below its January 28 all-time high of approximately 6,978.6. Despite this, there is widespread concern about chaos and uncertainty in the market.
The market-cap weighted average 'VIX' of the 500 constituents is now at 38, while the standard 30-day VIX is at 17.6. The spread between them has reached a record +20 points, a level not seen since 2014. Individual stock volatility is increasing compared to the index.#SPX #AllTimeHigh #MarketVolatility #JimBianco #BiancoResearch #VIX #StockVolatility #MarketChaos #Uncertainty #IndexVolatility