Chart of the Day - Wednesday, April 14th, 2021

Today’s Chart of the Day was shared by David Keller (@DKellerCMT). It's a chart of the Volatility Index ($VIX) over the past two decades. Volatility has continued to calm down in recent weeks, with the VIX currently trading around 17. David points out that the VIX is pretty low right now compared to where it has been in the past year. On the other hand, it's still fairly high relative to where it has been in the past decade. Of course, we're coming off a pretty historic year for volatility. If you remember, last year the VIX spiked its highest level since 2008 and then spent the rest of the year refusing to fall below 20. But there have also been years like 2017, where the VIX never once closed above 17. At the end of the day, volatility is in the eye of the beholder!