Source: Industrial production monthly data from Federal Reserve Board data from 1970 onwards (VIX from 1990 onwards) Stock-volatility and VIX lead and lag the cycle Lead (lag if negative) months on volatility (or VIX) Correlation of stock volatility (or VIX) and industrial production growth -.4 -.3 -.2 -.1 0 -12-11-10-9-8-7-6-5-4-3-20123456789101112 vol correlation vix correlation
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