Chart of the Day - Monday, November 29th, 2021

S&P 500 returns following largest $VIX spikes...

Takeaway: the market tends to rise over time and tends to rise more following volatility spikes (note: on average, there are always exceptions and this latest spike could very well be one). pic.twitter.com/NsfshBynfW

— Charlie Bilello (@charliebilello) November 27, 2021

Today’s Chart of the Day was shared by Charlie Bilello (@charliebilello). While most of us were in a food coma during Friday's half-session, the Volatility Index shot up 54%. Charlie points out that this was the fourth largest 1-day % gain for the VIX ever. The table on the right shows the S&P 500's forward total returns following some of the largest VIX spikes in history. On average, the S&P 500 has been positive across the board whether we're talking 1-week later or 1-year later. Will this time be different?