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Analysis: When the Volatility Index (VIX) exceeds 28.7, the S&P 500 tends to deliver strong returns

2025.11.24 12:47:56

On November 24th, KobeissiLetter released a market analysis indicating that according to historical data, when the volatility index VIX exceeds 28.7 points, the S&P 500 index tends to generate strong returns over the subsequent 12 months. When the VIX index is within the range of 28.7 to 33.5, the average return over the next year from 1991 to 2022 is +16%. When the VIX index exceeds 33.5, the average return over 12 months soars to +27%. In contrast, when the VIX index fluctuates between 11.3 and 12.0, the S&P 500 index has a return of +15% over the next year. Historical data shows that an increase in the VIX index often presents buying opportunities. Currently, the VIX index is 23.42.
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