Dr-H

VIX and SPX go up the same time!

SP:SPX   S&P 500 Index
This is a good example that you can remember and tell newer traders in the future. VIX generally goes against SPX and is used as a hedge. But VIX is ultimately determined by people's expectation of volatility ahead manifested by the SPX option pricing. When newer traders ask you "does VIX go up when the market go down?", you can answer by starting with "Back in Russian-Ukranian war, ...".
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