VIX Surges 54% as Volatility Regime Shifts From Investable to Chop

The VIX surged 54%, highlighting a major shift in market volatility. Keith McCullough flagged a potential volatility regime change on Tuesday.
Today, the VIX jumped from 16.61 to an intraday high of 28.09, moving out of the Investable Bucket and into the Chop Bucket.
Different volatility regimes require different risk-management strategies and trading playbooks.