F2 · REPRICING UNCERTAINTY

CBOE Volatility Index (VIX)

15.86

CALM ROBUST absolute thresholds · z -0.46 (context) DRS 95 daily as of 2026-08-03

Where it sits: 15.86 against fixed thresholds (20/30). lower than ~62% of its full record.

The full history

1990 high 67.61 · low 9.22 · now 15.86 · 4 recessions shaded 2026

What it measures: repricing uncertainty
Where it sits: 15.86 against fixed thresholds (20/30). lower than ~62% of its full record: at the 38th percentile of its full record.
z vs. its window: -0.46 (strain side: up). 9,243 observations in the window.
State rule: Scored against absolute thresholds: <20 calm, 20-30 watch, >30 extreme. Because the reference window is poisoned by the 2020-23 spikes, the z-score is shown for context but does not gate the state.
Confidence: ROBUST : a primary official series, mechanically reported.
Reliability (DRS): DRS 95

FRED ↗ Every number on this site is reproducible from this primary source.