The VIX closed at 25.64 on 6 Nov, in the nervous band (25-30), where it has closed on 9.3% of days since 1990
After days in this band the S&P 500's median change 12 months later was +12.5%, higher 71% of the time; history, not a forecast; the bars are the five busiest bands' shares of days
Markets · Briefing · Cboe and S&P Dow Jones Indices · 6 Nov 2026