MarketWatch
Why a hidden divergence between the VIX and Nasdaq volatility has the smart money on edge
Thursday, July 9, 2026
The VIX, which measures volatility in the S&P 500, recently traded at levels indicating low market stress, while volatility measures specific to Nasdaq-100 stocks moved higher. Traders noted the gap between the two measures, with some market participants adjusting their hedging strategies in response. The Nasdaq-100 has experienced larger price swings than the broader market index in recent trading sessions.
