The VIX shot up in March 2020 when the pandemic spread around the world. Although it reduced in the next few months, it has still been elevated.
See the chart above of the US VIX. It has been above 20 ever since March.
See the chart above of India VIX. It has been high also. Although it came below 20, recently it has increased and is now oscillating around 25. We have the budget round the corner, which could probably justify this recent spike.
It would be nice to see VIX settle around long term averages of around 15-17 levels both in the US and India. That would then set the stage for a quiet, non-volatile bull market. Till then choppiness and volatility with sharp swings can be expected. This would possibly coincide with the official end to the pandemic.
