# From the desk, gregorysaey.com. Calm = first VIX close below its long-run average after the peak. Daily closes; sources per row. For information only.
id,episode,vix_peak_close_date,vix_peak_close,vstoxx_peak_close_date,vstoxx_peak_close,vix_intraday_high_date,vix_intraday_high,vix_back_below_long_run_avg_date,days_to_calm,trigger,sources
gfc-2008,"Global Financial Crisis",2008-11-20,80.86,2008-10-16,87.51,2008-10-24,89.53,2010-01-05,411,"Lehman Brothers filed for Chapter 11 bankruptcy on 15 September 2008, still by far the largest US bankruptcy, helping trigger a market freefall and a global financial crisis.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2008-09-01&coed=2008-12-31 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.reuters.com/markets/us/after-14-years-lehman-brothers-brokerage-ends-liquidation-2022-09-28/ https://www.cnbc.com/2008/09/15/lehman-brothers-files-for-bankruptcy-scrambles-to-sell-key-business.html https://www.bloombergquint.com/markets/stock-market-volatility-tops-financial-crisis-with-vix-at-record"
flash-crash-2010,"Flash Crash",2010-05-20,45.79,2010-05-20,49.87,2010-05-21,48.2,2010-10-11,144,"On 6 May 2010, in markets already turbulent over the European debt crisis, a large sell program of 75,000 E-mini S&P 500 contracts helped spark a crash in which the Dow lost some 700 points in minutes and was down nearly 1,000 points at its low.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2010-04-15&coed=2010-06-30 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.reuters.com/article/idUKN0114164220101001/"
us-downgrade-euro-crisis-2011,"US downgrade and euro-zone sovereign debt crisis",2011-08-08,48,2011-09-12,53.55,2011-08-08,48,2012-01-20,165,"S&P stripped the United States of its AAA rating on Friday 5 August 2011, cutting it to AA+, while Italian and Spanish bond yields above 6% spread the euro-zone debt crisis and led the ECB to buy their bonds.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2011-07-25&coed=2011-10-31 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.reuters.com/article/business/united-states-loses-prized-aaa-credit-rating-from-sp-idUSTRE7746VF/ https://www.cnbc.com/2011/12/30/2011s-Major-Events-for-the-Euro-Zone.html"
china-devaluation-2015,"China devaluation and the 24 August 2015 crash",2015-08-24,40.74,2015-08-24,40.8,2015-08-24,53.29,2015-10-06,43,"China's surprise devaluation of the yuan on 11 August 2015, its biggest one-day fall in more than two decades, was followed on 24 August by a near 9% dive in Chinese shares and a Dow opening more than 1,000 points lower.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2015-08-10&coed=2015-09-30 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.reuters.com/article/markets-forex/forex-yuan-falls-most-since-1994-after-surprise-devaluation-idUSL1N10M1RC20150811/ https://www.reuters.com/article/markets/commodities/great-fall-of-china-sinks-world-stocks-dollar-idUSL5N10Z2P9/ https://www.cnbc.com/2015/08/24/why-the-markets-fear-gauge-hit-a-6-12-year-high.html"
brexit-2016,"Brexit referendum",2016-06-24,25.76,2016-06-16,39.9,2016-06-27,26.72,2016-06-28,4,"The United Kingdom's vote to leave the European Union, announced on 24 June 2016, wiped about $2 trillion off equity markets worldwide and sent sterling into a record plunge.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2016-06-15&coed=2016-07-15 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.reuters.com/article/global-markets/global-markets-world-stocks-tumble-as-britain-votes-for-eu-exit-idUSL8N19G53E/"
volmageddon-2018,"Volmageddon",2018-02-05,37.32,2018-02-09,34.74,2018-02-06,50.3,2018-02-14,9,"On 5 February 2018 the VIX posted its largest one-day percentage rise on record, triggering an acceleration event and early redemption of Credit Suisse's XIV inverse-VIX ETN, a popular bet on calm markets.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2018-01-25&coed=2018-02-28 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.sec.gov/Archives/edgar/data/0001053092/000095010318001572/dp86358_ex9901.htm https://www.sec.gov/Archives/edgar/data/0001053092/000095010318002069/dp86855_ex9901.htm https://www.bloomberg.com/news/articles/2018-02-06/volatility-index-spikes-by-largest-ever-amount https://money.cnn.com/2018/02/05/investing/vix-volatility-index-dow/index.html https://www.cnbc.com/2018/02/06/the-obscure-volatility-security-thats-become-the-focus-of-this-sell-off-is-halted-after-an-80-percent-plunge.html https://www.cnbc.com/2018/02/07/credit-suisse-defends-controversial-xiv-etn-amid-market-turmoil.html https://www.reuters.com/article/business/credit-suisse-volatility-fund-liquidated-after-market-selloff-idUSKBN1FQ255/"
q4-selloff-2018,"Q4 2018 sell-off",2018-12-24,36.07,2018-12-27,25.69,2018-12-26,36.2,2019-01-11,18,"After the Federal Reserve's fourth rate hike of 2018 and amid a US government shutdown, US stocks had their worst Christmas Eve session on record on 24 December 2018, with the S&P 500 more than 20% below its recent high.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2018-10-01&coed=2018-12-31 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.cnbc.com/2018/12/24/us-stock-futures-fall-slightly-as-the-dow-attempts-to-rebound-from-its-worst-week-in-a-decade.html"
covid-crash-2020,"Covid-19 crash",2020-03-16,82.69,2020-03-16,85.62,2020-03-18,85.47,2021-03-17,366,"As the coronavirus pandemic spread, US stocks suffered their biggest drop since the 1987 crash on 16 March 2020, despite the Federal Reserve's emergency cut of rates to near zero late the previous day.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2020-02-15&coed=2020-04-30 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.reuters.com/article/business/another-black-monday-as-coronavirus-response-upends-wall-street-idUSKBN2131B0/ https://www.cnbc.com/2020/03/16/wall-streets-fear-gauge-hits-highest-level-ever.html https://www.bloombergquint.com/markets/stock-market-volatility-tops-financial-crisis-with-vix-at-record"
ukraine-invasion-2022,"Russia's invasion of Ukraine",2022-03-07,36.45,2022-03-04,49.64,2022-02-24,37.79,2022-03-29,22,"Russia launched an invasion of Ukraine on 24 February 2022, sending global energy prices to multi-year highs and driving investors towards safe-haven assets.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2022-02-01&coed=2022-03-31 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.cnbc.com/2022/02/24/russian-forces-invade-ukraine.html"
us-regional-banks-2023,"US regional bank crisis (SVB)",2023-03-13,26.52,2023-03-15,32.02,2023-03-13,30.81,2023-03-29,16,"Silicon Valley Bank was shut on 10 March 2023 and Signature Bank two days later, the second- and third-largest failures in US banking history, before stress spread to Credit Suisse on 15 March.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2023-03-01&coed=2023-03-31 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.reuters.com/business/finance/new-york-state-regulators-close-signature-bank-2023-03-12/ https://www.reuters.com/business/finance/credit-suisse-shares-drop-fresh-record-low-cds-widen-2023-03-15/"
yen-carry-unwind-2024,"Yen carry-trade unwind",2024-08-05,38.57,2024-08-05,31.17,2024-08-05,65.73,2024-08-13,8,"After the Bank of Japan raised rates to levels unseen in 15 years, and amid US recession fears, a surging yen forced an aggressive unwind of carry trades; on 5 August 2024 the Nikkei fell 12.4%, its largest one-day fall since October 1987.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2024-07-25&coed=2024-08-31 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.reuters.com/markets/global-markets-wrapup-1-2024-08-04/ https://www.nbcnewyork.com/news/business/money-report/wall-streets-fear-gauge-the-vix-rises-to-the-highest-since-the-pandemic-market-plunge-in-2020/5671396/?amp=1 https://news.bloomberglaw.com/capital-markets/vix-at-65-isnt-that-surprising-in-panicked-market-cboe-says"
us-tariff-shock-2025,"US tariff shock",2025-04-08,52.33,2025-04-07,46.72,2025-04-07,60.13,2025-05-12,34,"On 2 April 2025 the US announced a 10% baseline tariff on all imports and much higher duties on some countries, its steepest trade barriers in more than a century; on 9 April 2025 a 90-day pause was announced for many countries while the tariff on Chinese imports was raised to 125%.","https://fred.stlouisfed.org/graph/fredgraph.csv?id=VIXCLS&cosd=2025-03-25&coed=2025-05-15 https://cdn.cboe.com/api/global/delayed_quotes/charts/historical/_VIX.json https://www.stoxx.com/document/Indices/Current/HistoricalData/h_v2tx.txt https://www.reuters.com/markets/wealth/global-markets-tariffs-graphic-pix-2025-04-02/ https://www.kitco.com/news/off-the-wire/2025-04-07/wall-street-fear-gauge-flashes-red-stocks-extend-selloff https://www.reuters.com/markets/us/futures-struggle-trumps-reciprocal-tariffs-shake-up-global-trade-2025-04-09/"