GS Reports Market Stress with Volatility Index at 9

Macro Charts posted on X, GS reports market stress with its vol stress index at 9 out of 10. Historically, such readings are buying opportunities, but this time feels different. The panic increase hasn't decreased spot prices, treating it as an equity-specific and model-specific issue. There's little panic in credit spreads, bond market volatility, or liquidity. Without a clear risk-off catalyst, there's no defined scenario to fix the problem. Single-stock volatility may persist, raising concerns about its impact on the index and wider macro markets.