Stocks and volatility move inverse to each other about 90% of the time so it is always worth paying attention when they diverge. The green stock market rallies occur as vol sinks. Stocks sell off as vol rises. Something happened two days ago. Stocks continue rallying to new record highs but volatility is now rising as well. One of them is wrong. Typically, when stocks make new highs and volatility does not make new lows, that hints that stocks are running out of gas and likely topping. Professional traders are buying volatility for downside protection. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.