Anyone reading this post already knows that palpable panic has set into equity markets over recent days. We present these charts to highlight the extreme nature of the selloff so far, and as a reminder of the rarity of these events. In times like this, it’s important to remind oneself that these kind of extremes are transient and often present, at the very least, unique tactical opportunities. The following charts are presented with little commentary.
VIX is the highest on record outside of the GFC and at 8.6 standard deviations from the mean.
5-day percent change for the S&P 500 is on par with other historic selloffs.