There are still many reasons for VIX to grow such as:
1. COVID-19 infections rate rises and is ready to beat previous highs;
2. Oil demand is still weak and green energy companies are on the edge. NASDAQ is moving up while DJI is standing still. This disproportion provides opportunity for grande rebalancing.
3. China-US tensions has been escalating during this year. Even the US law system was tested as Trump's decision to force China's investors to sell TikTok looks like raiders attack.
But these factors are well known as we live in this reality for half a year and looks like institutions and public feel OK about this trend and ready to support it. However the world has one more event that may change investors strategy. It is 2020's election. Democrats and Republicans have different views on budget spendings that affects sectors and companies performance. While there is non clear winner yet the results may shock great group of investors.