@gon
Will Crypto Correlate with Tech Markets?
That a 10% drop in the S&P 500 has pushed the VIX to 65% gives much to think about:
First, the facts: the only other times the VIX exceeded this level were:
- During the COVID pandemic, with global shutdowns and a 35%-40% market correction.
- In the 2008 financial crisis, with massive bankruptcies and a 50%-60% market drop.