Long streak of high volatility

by Troy

As Bespoke noted, VIX has closed above 20 for 207 days in a row. Such long periods of elevated volatility are uncommon, and typically happened after a major market crash (1998, 2000-2002, 2007-2009):

Since these historical cases occurred after a major crash, the S&P 500 rallied further over the next year:

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