Last Week, VIX And S&P 500 Moved Hand In Hand; Volatility Is Itching To Move Up

It is not often the VIX and the S&P 500 rally together. Ordinarily, they have a yin and yang relationship. One jigs and the other jags. But last week the large cap index rallied 0.6 percent and the volatility index edged up 0.1 percent.