Subject: VIX up 80% YTD
Early days but fear is rising. VIX hit highest level this year today.

S&P 500 back to Aug 2024.
S&P 500 down 14% from peak on 19th February 2025.

I imagine Buffett is holding firm but watching with interest…

Thank you Jim for your ‘I’m out’ post mid March. That along with Buffett’s move to cash was very helpful personally!