The volatility ratio of Nasdaq 100 to S&P 500 has risen to a 23 year high
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According to The Kobeissi Letter, the ratio of the Nasdaq 100 Volatility Index VXN to the S&P 500 Volatility Index VIX has risen to 1.7, the highest level in 23 years. The ratio has surpassed 1.5 for the first time since 2018, with a peak of approximately 1.6 during the 2008 financial crisis. The current VXN is 28 points and VIX is 16 points, with VIX being 43% lower than VXN. VXN has been above 20:00 for 5 consecutive months, the longest continuous time since 2022.