Analysis: When the Volatility Index VIX exceeds 28.7, the S&P 500 often delivers strong returns.

BlockBeats news, on November 24, KobeissiLetter released a market analysis stating that historically, when the Volatility Index VIX exceeds 28.7 points, the S&P 500 index tends to deliver strong returns over the next 12 months. When the VIX index is between 28.7 and 33.5, from 1991 to 2022, the average return for the following year is +16%. When the VIX index exceeds 33.5, the average return over 12 months reaches as high as +27%. In contrast, when the VIX index fluctuates between 11.3 and 12.0, the S&P 500 index has a return of +15% in the following year. Historical data shows that a rising VIX index often creates buying opportunities. The current VIX index is 23.42.