19.01.2018 • 13:00 GMT
What Does This Rare Positive Correlation Between VIX and S&P 500 Mean?
• The 10-day correlation between the S&P 500 and VIX has turned positive - a generally rare occurence
• The 0.87 correlation coefficient reading between the two has only been higher four times in the past 20 years
• Extreme complacency, the rise of volatility products and years of ever-greater exposure has led to yet another abnormal signal